| Encana reports 2Q loss | |
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CALGARY, Alberta (AP) _ Encana Corp. (ECA) on Friday reported a second-quarter loss of $1.61 billion, after reporting a profit in the same period a year earlier.
The Calgary, Alberta-based company said it had a loss of $1.91 per share. Losses, adjusted for non-recurring costs, were 20 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The energy company posted revenue of $830 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $1.16 billion.
Encana shares have fallen 38 percent since the beginning of the year. The stock has fallen 65 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECA at http://www.zacks.com/ap/ECA
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Keywords: Encana, Earnings Report
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Encana Corporation
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is CA$ 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. |