|Bid||4.0900 x 27000|
|Ask||0.0000 x 42300|
|Day's Range||3.9600 - 4.1500|
|52 Week Range||3.9200 - 10.9300|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||3.98|
|Forward Dividend & Yield||0.07 (1.86%)|
|1y Target Est||N/A|
Encana (ECA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Veresen Midstream Limited Partnership and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The credit ratings of a substantial number of energy companies in the Americas are currently near the "crossover zone," or the boundary between investment grade and speculative grade, Moody's Investors Service says in a new report. Only seven, however, are in the zone, with potential "rising stars" including US-based exploration and production firm, Anadarko Petroleum and potential "fallen angels" including the Mexican national oil company, PEMEX.
Approximately 21 years ago, Rite Aid (NYSE: RAD) traded for over $800. Today, RAD stock is down 59% year-to-date through August 29 and trading below $6.Source: Shutterstock In my most recent article about Rite Aid, Investors Shouldn't Gamble on Rite Aid Stock, I suggested that "unless you were into owning 'cheap trash' stocks that have been mercilessly beaten down over the past few years, RAD stock is not a name I would buy at this point."At the time of the article in late July, the RAD stock price was around $6.56. Since then, it dropped all the way to $5.04 before rebounding slightly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYes, Rite Aid hired Heyward Donigan as their new CEO. She replaces the outgoing John Standley, who led the drug store chain for nine years. However, this executive shift does nothing to change my opinion of Rite Aid stock. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off As Charlie Sheen's character Bud Fox would say in Wall Street, "It's a dog with fleas."However, when I noticed that my InvestorPlace colleague David Moadel recently went contrarian by suggesting Rite Aid stock, although risky, could pay off in the future, I just had to revisit this $300-million market capitalization investment.Could RAD stock be the best security available under $6? Why don't we have a look? What Else Is There?I did a quick screen of stocks trading on the New York Stock Exchange with market caps greater than $300 million and trading between $1 and $6. I came up with a list of 90. Rite Aid happened to be the second-smallest stock by market cap ahead of only Anworth Mortgage Asset (NYSE:ANH).Who is the largest market cap trading between $1 and $6?It is Canadian oil and gas producer Encana (NYSE:ECA) at $6.1 billion. Encana once traded above $34 as recently as 2011. However, the oil and gas business hasn't been a peach these last few years.As I write this, it is trading under $4.50, down 25% YTD.However, it released its second quarter of 2019 results in July, and they were better than expected.The company's total revenues were $2.06 billion, well ahead of the $1.73 billion consensus estimate. It was also much improved from $983 million a year earlier. On the bottom line, it had adjusted earnings of $290 million, 46% higher than a year earlier.Encana's Q2 2019 production was 591,800 barrels of oil equivalent per day (BOE/d) compared to 533,200 a year earlier. More importantly, Encana has transitioned to focusing on crude oil rather than natural gas. Oil now accounts for 55% of its production with natural gas accounting for the rest. A few years ago, natural gas was at 95% of its production.The oil industry might be in a downer right now. But from where I sit, ECA shares have to be more attractive to investors than Rite Aid stock.As I scroll through the rest of the list, I've come up with at least five other options that are good alternatives to Rite Aid: Kinross Gold (NYSE:KGC), Aurora Cannabis (NYSE:ACB), Hexo (NYSE:HEXO), Pitney Bowes (NYSE:PBI) and BBX Capital (NYSE:BBX).Unlike Encana, several of these stocks are losing money but provide greater potential upside than RAD stock, with the same amount of risk. The Bottom Line on RAD StockDavid Moadel sees the Amazon (NASDAQ:AMZN) deal to put package pickup locations in 1,500 Rite Aid stores by the end of 2019 as a real benefit to the company. Given early evidence suggests that Kohl's (NYSE:KSS) is benefiting from its relationship with Amazon, it's possible that Rite Aid will experience the same goodwill.However, when there are other potential investments under $6 to consider, why bother? At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post Is Rite Aid Stock the Best Play Under $6? appeared first on InvestorPlace.
Following the Newfield acquisition, debt increased. Here's a guide to assess how Encana manages its capital allocation decisions going forward.
Encana (ECA) expects 15% y/y growth in liquids production in 2019 on the back of its three core plays, namely Permian, Montney and Anadarko.
Encana (ECA) delivered earnings and revenue surprises of 23.53% and 17.73%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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.
Certain factors which have a strong influence on HollyFrontier's (HFC) Refining segment are sending mixed signals with regard to the company's results in the upcoming quarterly release.
In Q2, The Williams Companies (WMB) is expected to gain from additional volumes from the expansion projects around its core Transco pipeline system.
Increase in total orders and rising profit levels from Oilfield Equipment and Oilfield Services units will likely boost Baker Hughes' (BHGE) second-quarter earnings.
Although an increase in total production is expected to boost Hess' (HES) Q2 numbers, declining worldwide average selling price of oil might partially dampen growth.
Encana (ECA) expects to realize benefits from output growth in its Core 3 liquids plays, namely Permian, Anadarko and Montney. This is likely to fuel second-quarter earnings.