Worth Watching Stock: Encana Corporation (NYSE:ECA)

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Encana Corporation (NYSE:ECA) reported the earnings of $0.04/Share in the last quarter where the estimated EPS by analysts was $-0.04/share. The difference between the expected and actual EPS was $0.08/share, which represents an Earnings surprise of 200%.

Many analysts are providing their Estimated Earnings analysis for Encana Corporation and for the current quarter 11 analysts have projected that the stock could give an Average Earnings estimate of $0.02/share. These analysts have also projected a Low Estimate of $-0.01/share and a High Estimate of $0.08/share.

In case of Revenue Estimates, 7 analysts have provided their consensus Average Revenue Estimates for Encana Corporation as 763.63 Million. According to these analysts, the Low Revenue Estimate for Encana Corporation is 647.49 Million and the High Revenue Estimate is 922.4 Million. The company had Year Ago Sales of 1.03 Billion.

These analysts also forecasted Growth Estimates for the Current Quarter for ECA to be -84.6%. They are projecting Next Quarter growth of 126.7%. For the next 5 years, Encana Corporation is expecting Growth of -53.98% per annum, whereas in the past 5 years the growth was -21.06% per annum.

Some buy side analysts are also providing their Analysis on Encana Corporation, where 4 analysts have rated the stock as Strong buy, 10 analysts have given a Buy signal, 8 said it’s a HOLD, 4 reported it as Underperform and 0 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. 27 Analysts reported that the Price Target for Encana Corporation might touch $20 high while the Average Price Target and Low price Target is $12.66 and $5.25 respectively.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Encana Corporation got Downgrade on 28-Nov-16 where investment firm KLR Group Downgrade the stock from Buy to Accumulate.

Encana Corporation closed its last trading session at $11.7 with the loss of -3.33%. The Market Capitalization of the company stands at 11.01 Billion. The Company has 52-week high of $12.55 and 52-week low of $3. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 4.48% where SMA50 and SMA200 are 7.05% and 38.49% respectively. The Company Touched its 52-Week High on Nov 23, 2016 and 52-Week Low on Feb 23, 2016.

The Relative Volume of the company is 0.78 and Average Volume (3 months) is 17.94 million. Encana Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 38.21.

The company shows its Return on Assets (ROA) value of -8.5%. The Return on Equity (ROE) value stands at -22.4%. While it’s Return on Investment (ROI) value is -30.1%.

While looking at the Stock’s Performance, Encana Corporation currently shows a Weekly Performance of -7.22%, where Monthly Performance is 13.1%, Quarterly performance is 16.29%, 6 Months performance is 42.74% and yearly performance percentage is 37.93%. Year to Date performance value (YTD perf) value is 123.57%. The Stock currently has a Weekly Volatility of 3.78% and Monthly Volatility of 4.51%.