Encana (USA) (ECA) Analysts See $0.05 EPS; Enbridge Energy Partners LP (EEP) Sentiment Is 0.83

June 19, 2017 - By Louis Casey

Analysts expect Encana Corp (USA) (NYSE:ECA) to report $0.05 EPS on July, 20.They anticipate $0.05 EPS change or 50.00% from last quarter’s $0.1 EPS. ECA’s profit would be $48.58 million giving it 43.95 P/E if the $0.05 EPS is correct. After having $0.11 EPS previously, Encana Corp (USA)’s analysts see -54.55% EPS growth. The stock decreased 0.23% or $0.02 on June 16, reaching $8.79. About shares traded. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since June 19, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural gas gathering, treating, processing, marketing and transportation services in the Gulf Coast and mid-continent regions of the United States. The company has market cap of $5.44 billion. The Firm operates through two business divisions: Liquids and Natural Gas. It currently has negative earnings. The Company’s Liquids segment includes the activities of its Lakehead, North Dakota and mid-continent systems.

Travelers Companies Inc. holds 5.95% of its portfolio in Enbridge Energy Partners, L.P. for 752,400 shares. Heronetta Management L.P. owns 289,800 shares or 3.82% of their US portfolio. Moreover, Energy Income Partners Llc has 3.52% invested in the company for 7.27 million shares. The Pennsylvania-based Harvest Fund Advisors Llc has invested 2.82% in the stock. Alps Advisors Inc, a Colorado-based fund reported 14.57 million shares.

The stock increased 1.98% or $0.3 on June 16, reaching $15.42. About shares traded. Enbridge Energy Partners, L.P. (EEP) has declined 18.43% since June 19, 2016 and is downtrending. It has underperformed by 35.13% the S&P500.

Among 25 analysts covering Encana Corporation (NYSE:ECA), 17 have Buy rating, 2 Sell and 6 Hold. Therefore 68% are positive. Encana Corporation had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by FirstEnergy Capital on Tuesday, July 26. On Thursday, June 23 the stock rating was downgraded by Macquarie Research to “Underperform”. The firm has “Buy” rating by Evercore given on Monday, November 23. The stock of Encana Corp (USA) (NYSE:ECA) has “Underperform” rating given on Thursday, February 25 by IBC. The rating was upgraded by RBC Capital Markets on Friday, November 4 to “Outperform”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, December 22 report. FirstEnergy Capital upgraded Encana Corp (USA) (NYSE:ECA) rating on Tuesday, July 28. FirstEnergy Capital has “Outperform” rating and $11.50 target. As per Tuesday, December 15, the company rating was upgraded by Jefferies. The firm has “Outperform” rating given on Friday, June 16 by Wolfe Research. The company was upgraded on Tuesday, January 24 by Macquarie Research.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The company has market cap of $8.54 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It currently has negative earnings. All of its reserves and production are located in North America.


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