| Encana (ECA) Beats on Q1 Earnings, Lags Revenues - Tale of the Tape | |
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Encana Corporation (ECA) is a focused pure-play natural gas exploration and production (E&P) company. It is the second largest gas producer in North America, and holds a highly competitive land and resource position in a number of the region's most promising shale and tight gas resource plays. The weakness in commodity prices has affected the company’s earnings through reduced realizations. This is reflected in the consensus estimate that has moved down in the last few months. In the trailing four quarters, Encana has reported a negative average earnings surprise of 58.46%. Currently, Encana has a Zacks Rank #3 (Hold) but that could change following its first quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Encana beats on earnings. The company announced operating earnings per share (excluding one-time items) of 1 cent compared with the Zacks Consensus Estimate of a loss of 12 cents. Revenue: Revenues (net of royalties) came in at $1,249 million, which failed to meet the Zacks Consensus Estimate of $1,268 million. Key Stats: Quarterly natural gas production declined approximately 34% year over year to 1,857 million cubic feet per day. Liquid production increased 78% year over year to 120.7 thousand barrels per day. Encana's realized natural gas prices were $4.78 per thousand cubic feet, down from the year-ago quarter level of $5.82. Realized oil prices fell to $37.83 per barrel from $69.19 in the first quarter of 2014. Check back later for our full write up on this Encana earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ENCANA CORP (ECA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Encana Corporation
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is CA$ 4.8 billions as of today (US$ 3.7 billions, € 3.3 billions). Its stock quote reached its highest recent level on November 23, 2018 at CA$ 9.99, and its lowest recent point on January 24, 2020 at CA$ 4.96. Encana has 973 120 000 shares outstanding. |