| Encana (ECA) Q2 Loss Wider than Expected - 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 27.13%. Currently, Encana has a Zacks Rank #3 (Hold) but that could change following its second quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Encana misses on earnings. The company announced operating loss per share of 20 cents compared with the Zacks Consensus Estimate of a loss of 14 cents. Revenue: Revenues (net of royalties) came in at $830 million, which failed to meet the Zacks Consensus Estimate of $1,156 million. Key Stats: Quarterly natural gas production declined approximately 38% year over year to 1,568 million cubic feet per day. Liquid production increased 87% year over year to 127.3 thousand barrels per day. Encana's realized natural gas prices were $3.52 per thousand cubic feet, down from the year-ago quarter level of $4.08. Realized oil prices fell to $43.78 per barrel from $69.53 in the second quarter of 2014. Check back later for our full write up on this Encana earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ENCANA CORP (ECA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Encana Corporation
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EXPLORATEUR |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Encana est une société de production minière de pétrole et de gaz basée au Canada. Encana détient divers projets d'exploration au Canada. Son principal projet en exploration est BUFFALO HILLS au Canada. Encana est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,8 milliards CA$ (3,7 milliards US$, 3,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 23 novembre 2018 à 9,99 CA$, et son plus bas niveau récent le 24 janvier 2020 à 4,96 CA$. Encana possède 973 120 000 actions en circulation. |