|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.26 - 13.56|
|52-week range||8.01 - 14.31|
|PE ratio (TTM)||16.93|
|Forward dividend & yield||0.06 (0.45%)|
|1y target est||15.58|
Shares of Pengrowth Energy dropped double digits after the company announced its plans for 2018.
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Apache, Encana, Williams and SM Energy
Royal Dutch Shell (RDS.A) acquired a 43.8% stake in solar energy company Silicon Ranch, while upstream players Apache (APA) and Encana (ECA) provided updates regarding their Q4 production outlook.
W&T Offshore, Inc.’s stock posted another double-digit rise this week and is up sharply since the start of the year.
Driven by solid execution of core assets, Encana (ECA) expects year-over-year production growth of 25-30% in the fourth quarter of 2018.
Encana (TSX:ECA) (NYSE:ECA) delivered strong performance through the fourth quarter of 2017 to close another year successfully executing its strategy, delivering significant oil and condensate growth and driving additional efficiency gains. Supported by the strong finish to 2017, the company is firmly on track to meet or exceed the targets in the five-year plan shared at its Investor Day in October 2017. Driven by its focus on innovation and execution efficiency, Encana’s core assets delivered production growth of approximately 31 percent from the fourth quarter of 2016 to the fourth quarter of 2017.
Analysts seem bearish on crude prices in 2018 considering where they traded at the end of 2017, but that's just fine for these oil stocks.
As of December 21, 2017, ~75.0% of the analysts covering Encana (ECA) have “strong buy” or “buy” recommendations on the stock.
As of December 21, 2017, Encana (ECA) had an implied volatility of ~33.7%, which is lower than its implied volatility of ~39.6% at the end of 3Q17.
For the last five trading sessions, Encana’s correlation with natural gas (UNG) and the SPDR S&P 500 ETF (SPY) was at -58% and ~8%.
In the past week, Encana’s (ECA) stock price rose ~7.9% or from $11.62 to $12.54. Most of the gains in Encana stock came in the last two trading sessions.
Encana (ECA) reported earnings more than 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Encana is just getting started on a long-term strategy that should significantly increase its cash flow, which in time should leave it with plenty left over to return to investors.
The Zacks Analyst Blog Highlights: TOTAL S.A., Andeavor, Encana, ConocoPhillips and Noble Energy
As of November 9, 2017, 72.4% of analysts covering Encana (ECA) have given the stock a “strong buy” or “buy” recommendation.