|Bid||5.51 x 0|
|Ask||5.52 x 0|
|Day's Range||5.38 - 5.58|
|52 Week Range||5.25 - 17.60|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||5.36|
|Forward Dividend & Yield||0.10 (1.74%)|
|1y Target Est||N/A|
Oil and gas production has grown steadily this year for Denver-based companies drilling in Texas and Oklahoma, but revenue hasn’t kept pace due to the price of oil and natural gas. Bigger profits from the oil growth have been harder to achieve.
Canadian oil and gas producer Encana Corp edged past estimates for quarterly profit on Wednesday, helped by increased production in Anadarko and Permian shale oil basins. Encana inked a deal in June to exit its offshore operations in China and sold its natural gas assets earlier in July to focus on its core regions - Anadarko and Permian basins in the United States and Montney in Canada. Permian and Anadarko basins have been at the heart of the U.S. shale revolution, prompting several companies to invest in assets in the blocks.
Total proforma production rose 11% to 591,800 barrels of oil per day (boe/d) in the quarter. Encana inked a deal in June to exit its offshore operations in China and sold its natural gas assets earlier in July to focus on its core regions - Anadarko and Permian basins in the United States and Montney in Canada. Permian and Anadarko basins have been at the heart of the U.S. shale revolution, prompting several companies to invest in assets in the blocks.
Oil and gas producer Encana Corp halted work at a drill site in northwest Oklahoma following two earthquakes within a day in the same area, the state's oil and gas regulator said on Thursday. The company paused operations for 12 hours after a 3.2 magnitude quake hit late Wednesday in Kingfisher, a county about 50 miles (80 km) northwest of Oklahoma City. A spokesperson for Encana did not immediately respond to a request for comment.
Investment company Weather Gauge Advisory, LLC buys HSBC Holdings PLC, sells Encana Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Weather Gauge Advisory, LLC.
Encana Corp NYSE:ECAView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for ECA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ECA had net inflows of $907 million over the last one-month. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. ECA credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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Canada's main stock index was little changed on Tuesday, as an unexpected contraction of economic growth soured investor sentiment, offsetting gains in the energy sector. * At 9:37 a.m. ET , the Toronto ...
Canadian oil and gas producer Encana Corp said on Tuesday it expects cost savings from its acquisition of Newfield Exploration to be 20 percent higher than its estimates, and reported a 6 percent rise in quarterly adjusted profit as it sold oil at higher prices. The company bought Newfield for $5.5 billion in November to boost its operations in the SCOOP and STACK region, a fast-growing shale oil field in the Anadarko basin in Oklahoma. Encana said it now expects to deliver annual general and administrative savings of at least $150 million from the Newfield deal.