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Calgary, Alberta (AP) _ Encana Corp. (T.ECA) on Tuesday reported a loss of $1.63 billion (2.07 billion CAD) in its first quarter.
The Calgary, Alberta-based company said it had a loss of $2.15 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The energy company posted revenue of $1.2 billion (1.51 billion CAD) in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.
Encana shares have risen 4 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.ECA at http://www.zacks.com/ap/T.ECA
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Keywords: Encana, Earnings Report
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is 235.3 millions as of today (US$ 179.1 millions, € 162.4 millions). Its stock quote reached its highest recent level on November 23, 2018 at 9.99, and its lowest recent point on January 24, 2020 at 4.96. Encana has 47 442 200 shares outstanding. |