|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||11.77 - 11.95|
|52-week range||8.01 - 13.85|
|PE ratio (TTM)||14.12|
|Forward dividend & yield||0.06 (0.51%)|
|1y target est||14.63|
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.
TOTAL (TOT) agreed to buy LNG assets from utility company Engie for $1.5 billion. Meanwhile, Andeavor (ANDV) and Encana (ECA) came up with weaker-than-expected earnings reports.
As of October 31, 2017, Encana's (ECA) total shares shorted (or short interest) was ~18.7 million, whereas its average daily volume was ~14 million.
After Encana announced its earnings on November 8, 2017, ECA stock fell more than 3% but quickly closed the day with only a ~1% decline.
In 3Q17, Encana spent $473 million in capex (capital expenditure), which means its free cash flow was negative at -$116 million, or -$0.12 per share.
For 3Q17, Encana (ECA) reported total production of 284 Mboepd. Its Canadian operations contributed 150.4 Mboepd (or~ 53%).
Hurricane Harvey and some third-party infrastructure issues caused the Canadian shale driller to hit a speed bump.
The Calgary, Alberta-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring gains, were 2 cents per share. The results missed Wall Street expectations. The average ...
On a year-over-year basis, OXY’s 3Q17 operating cash flow was ~65% higher than the ~$650 million it generated in 3Q16.
For 4Q17, Occidental Petroleum expects total production of 633–641 Mboepd, ~5% higher than its 3Q16 production of 607 Mboepd.
Focus on core-shale plays along with cost-cut efforts is likely to drive Encana's (ECA) Q3 earnings. However, weak natural gas prices remain a concern.
The shale driller's stock cratered after it watered down its full-year guidance last quarter.
Wall Street analysts expect Marathon Oil (MRO) to report a higher cash flow of ~$490 million YoY (year-over-year) in 3Q17 from ~$366 million in 3Q16.
Wall Street analysts expect Devon Energy (DVN) to report a lower year-over-year cash flow of ~$658 million in 3Q17 from ~$726 million in 3Q16.