Encana Corporation
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Analyzing EOG Resources’ Q2 2018 Revenue Expectations
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Analyzing California Resources’ Q2 2018 Revenue Expectations
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Devon Energy: Wall Street Ratings ahead of Q2 2018 Earnings
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Will Devon Energy Beat Q2 2018 Earnings Estimates?
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Devon Energy’s Revenue Expectations for Q2 2018
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ConocoPhillips: Pre-Earnings Wall Street Ratings
The median target price on ConocoPhillips stock is $78.00, which is ~9.0% higher than its July 12 closing price of $71.45.
A Look at ConocoPhillips’s Q2 2018 Earnings Estimates
In the last four quarters, COP beat the consensus EPS estimate 75.0% of the time and met its consensus EPS estimate 25.0% of the time.
Understanding ConocoPhillips’s Capex Guidance
In fiscal 2018, ConocoPhillips (COP) expects capital expenditures (capex) of ~$5.5 billion, which is ~20.0% higher than its fiscal 2017 capex of ~$4.6 billion.
Analyzing ConocoPhillips’s Q2 2018 Revenue Expectations
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Are Hedge Funds Buying Encana Stock?
In Q1 2018, 40 hedge funds were “buyers” (they created new positions or added to their existing positions) of Encana (ECA) stock, while 25 were “sellers” (they closed their entire position or reduced their existing positions).
Wall Street’s Views on Encana, Pre-earnings Release
Of the 28 analysts covering Encana (ECA) on July 10, ~29% recommended “strong buy,” ~64% recommended “buy,” and ~7% recommended “hold.”
Could Encana Beat Analysts’ Earnings Estimates?
In the last four quarters, Encana (ECA) has beaten analysts’ EPS estimates 75% of the time—in Q2 2017, Q4 2017, and Q1 2018.
What’s Expected for Encana’s Free Cash Flow in Q2 2018
In Q2 2018, analysts expect Encana’s (ECA) operating cash flow to rise ~93% YoY (year-over-year) to ~$422 million from ~$218 million, and by ~11% sequentially from ~$381 million.
Could Encana’s Production Increase in Q2 2018?
While Encana (ECA) has not given specific production guidance for Q2 2018, it has provided guidance for its fiscal 2018 production.
Analyzing Encana’s Q2 2018 Revenue Expectations
In Q2 2018, analysts expect Encana’s (ECA) revenue to rise ~10% YoY (year-over-year) to ~$1.19 billion from ~$1.08 billion, but fall ~11% sequentially from ~$1.31 billion.
Could Encana Report Higher Profits in Q2 2018?
Encana (ECA) is expected to report its Q2 2018 earnings on July 20, before the market opens.
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Occidental Petroleum: Post-Earnings Wall Street Ratings
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How Wall Street Analysts Rate Denbury Resources after 1Q18 Earnings
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Marathon Oil: Wall Street’s Post-Earnings Ratings
According to Reuters, as of May 4, a total of 27 analysts have made recommendations on MRO.
What Caused Marathon Oil’s Revenue Growth in 1Q18?
In 1Q18, Marathon Oil (MRO) reported revenue of ~$1.7 billion, higher than Wall Street analysts’ consensus estimate of ~$1.4 billion.
Encana: Analysts’ Ratings after Its 1Q18 Earnings
Of the analysts, ~31% have “strong buy,” ~66% have “buy,” and ~3% have “hold” recommendations on Encana.
Encana Stock Reacts to Its 1Q18 Earnings
In 1Q18, Encana reported adjusted revenues of ~$1.31 billion—better than analysts’ consensus of ~$1.22 billion.
Did Encana Generate Positive Free Cash Flow in 1Q18?
For 1Q18, Encana (ECA) reported an operating cash flow of ~$381 million—lower than analysts’ expectation of ~$402 million.
Analyzing Encana’s 1Q18 Operational Performance
In 1Q18, Encana reported total liquids production of 145.2 Mbpd (thousand barrels per day), which is ~45% of the total production.
What Caused Encana’s Revenue Growth in 1Q18?
In 1Q18, Encana reported adjusted revenues of ~$1.31 billion—better than analysts’ consensus of ~$1.22 billion.
Encana’s Profits Increased ~50% in 1Q18
Encana announced its 1Q18 earnings on May 1 before the market opened. The company reported a higher profit of ~$156 million in 1Q18.
Factors behind Southwestern Energy’s Revenue Growth in 1Q18
In 1Q18, Southwestern Energy reported revenues of ~$920.0 million, which was much better than the Wall Street analyst consensus of ~$847.0 million.
ConocoPhillips: Analysts’ Ratings after Its 1Q18 Earnings
The median target price on ConocoPhillips stock is $71.00, which is ~4% higher than its closing price of $64.95 on April 27.
Wall Street’s Views on Range Resources, Post-Earnings Release
According to Reuters, of the 33 analysts covering RRC on April 27, five recommended “strong buy,” 11 recommended “buy,” 14 recommended “hold,” two recommended “sell,” and one recommended “strong sell.”
Encana’s 1Q18 Earnings Beat Estimates on Higher Realizations
Encana beat adjusted EPS (earnings per share) estimates by $0.03 in 1Q18.
California Resources’ Pre-Earnings Ratings
According to Reuters, as of April 26, 2018, seven analysts have made recommendations on California Resources (CRC).
How Wall Street Analysts Rank CNX Resources ahead of Earnings
As of April 25, 2018, ten analysts were covering CNX. Of these, 40% of analysts have “strong buy” ratings, 20% have “buy” ratings, while the remaining 40% of analysts have “hold” recommendations on CNX.
Devon Energy: Pre-Earnings Wall Street Ratings
On April 23, Reuters reported 33 analysts tracking Devon Energy (DVN). About 30.0% of these analysts gave “strong buy” ratings.
Marathon Oil: The Word on Wall Street ahead of 1Q18 Earnings
As of April 24, Reuters reported 27 analysts having recommendations on MRO. Of these, ~15% have “strong buy” ratings, ~44% have “buy” ratings, and the remaining ~41% have “hold” ratings.
Will Marathon Oil Report Positive Free Cash Flow in 1Q18?
Wall Street analysts expect Marathon Oil (MRO) to report ~51% higher year-over-year operating cash flow of ~$759 million in 1Q18.
ConocoPhillips: Wall Street Ratings ahead of Q1 Earnings
As of April 19, Reuters reported 23 analysts with recommendations on COP. Of these, ~17% have “strong buy” ratings, ~52% analysts have “buy” ratings, and ~31% analysts have “hold” ratings on COP.
What to Expect from Southwestern Energy’s 1Q18 Revenues
For 1Q18, Wall Street analysts expect Southwestern Energy (SWN) to report revenues of ~$870 million.
A Look at Hedge Funds’ Encana Activity
In 4Q17, 15 hedge funds bought Encana (ECA) stock, and 41 hedge funds sold it.
Wall Street’s Views on Encana, Pre-Earnings Release
Of the 30 analysts covering Encana (ECA) on April 16, 2018, ~30% recommended “strong buy,” ~67% recommended “buy,” and ~3% recommended “hold.”
Could Encana Beat Its 1Q18 Earnings Estimates?
In the last four quarters, Encana (ECA) has beaten analysts’ EPS (earnings per share) estimates three times, missing their estimate in 3Q17.
What’s Expected for Encana’s Free Cash Flow in 1Q18
Wall Street analysts expect Encana’s (ECA) OCF (operating cash flow) to be ~$436 million in 1Q18, ~311% higher than its OCF of ~$106 million in 1Q17 and~18% higher than its OCF of ~$369 million in 4Q17.
Could Encana’s Quarterly Production Increase in 1Q18?
Encana (ECA) has not given any specific production guidance for 1Q18.
Analyzing Encana’s 1Q18 Revenue Expectations
In 1Q18, Wall Street analysts expect Encana (ECA) to report revenue of ~$1.22 billion, ~6% lower than its 1Q17 revenue of ~$1.3 billion and ~1% higher than its 4Q17 revenue of ~$1.21 billion.
Could Encana’s Profits Rise in 1Q18?
In this series, we’ll look at ECA’s revenue expectations, production guidance, cash flow estimates, and the odds of it beating EPS expectations.
Range Resources: Wall Street Analysts’ Recommendations
Six analysts gave a “strong buy,” 11 analysts gave a “buy,” 13 analysts gave a “hold,” and two analysts gave “sell” recommendation on Range Resources.
Range Resources: Analysts’ Recommendations
The median target price on Range Resources stock is $22.00, which is ~40% higher than its closing price of $15.74 on March 9, 2018.
Southwestern Energy: Analysts’ Ratings after Its Earnings
Of the analysts, ~6% gave “strong buy,” ~13% gave “buy,” ~65% gave “hold,” and ~16% gave “sell” recommendations on Southwestern Energy.
EOG Resources: Post-Earnings Wall Street Ratings
As of March 1, 2018, a total of 34 analysts have made recommendations on EOG Resources (EOG) stock, according to Reuters.
Did EOG Resources Generate Positive Free Cash Flow in 4Q17?
In 4Q17, EOG Resources (EOG) reported operating cash flow of ~$1.3 billion, marginally higher than Wall Street analysts’ expectation.
Analysts’ Post-4Q17 Views on Range Resources
Analyst recommendations for Range Resources Of the 32 analysts covering Range Resources (RRC) stock on February 28, 2018, Reuters reported that ~22% recommended “strong buy,” ~38% recommended “buy,” ~31% recommended “hold,” and ~9% recommended “sell” or “strong sell.” RRC’s median target price The median target price on Range Resources stock is $23.50, ~77% higher than its closing price of […]
Range Resources’ Free Cash Flow in 4Q17
Range Resources’ 4Q17 operating cash flow In 4Q17, Range Resources (RRC) reported operating cash flow of ~$216 million, missing Wall Street analysts’ expectation of ~$251 million but surpassing the ~$185 million it generated in 4Q16. Between 3Q17 and 4Q17, RRC’s 4Q17 operating cash flow rose ~14% from ~$189 million. Range Resources’ year-over-year increase in operating cash flow could be […]
California Resources: Wall Street Ratings after Its 4Q17 Earnings
The median target price on CRC stock is $25.50, which is ~24.0% higher than its February 26, 2018, closing price of $20.11.
Devon Energy’s Post-Earnings Wall Street Ratings
Of the 32 analysts tracking Devon Energy (DVN), ~31.3% gave “strong buy” recommendations, 31.5% gave “buy” recommendations, and 31.3% gave “hold” recommendations.
Southwestern Energy: Wall Street’s Pre-Earnings Ratings
As of February 21, 2018, Reuters counts 32 analysts with recommendations on Southwestern Energy (SWN).
EOG Resources: Pre-Earnings Wall Street Ratings
As of February 21, 2018, Reuters reported 34 analysts having recommendations for EOG Resources (EOG) stock.
What Wall Street Analysts Recommend for Encana
As of February 16, 2018, 29 analysts were covering Encana (ECA). Of these, ~31% have “strong buy” ratings, ~62% have “buy” recommendations, while the remaining ~7% of analysts have “hold” recommendations.
How Encana Stock Reacted to 4Q17 Earnings
Encana’s 4Q17 earnings Encana announced its 4Q17 earnings on February 15, 2018, before the market opened. In 4Q17, Encana reported revenues of ~$1.2 billion, higher than the Wall Street analyst consensus of ~$1.1 billion. In 4Q17, ECA reported an adjusted profit of $0.12 per share, beating the Wall Street analyst consensus for the profit of […]
Did Encana Generate Positive Free Cash Flow in 4Q17?
For 4Q17, Encana (ECA) reported operating cash flow of ~$369 million.
A Look at Encana’s 4Q17 Operational Performance
For 4Q17, Encana (ECA) reported total production of 335 Mboepd (thousand barrels of oil equivalent per day).
What Led to Encana’s Revenue Growth in 4Q17?
In 4Q17, Encana (ECA) reported revenues of ~$1.2 billion, higher than the Wall Street analyst consensus of ~$1.1 billion.
What’s behind Encana’s Higher Profits in 4Q17?
Encana (ECA) announced its 4Q17 earnings on February 15, 2018, before markets opened.
Devon Energy on the Street: Pre-Earnings Wall Street Recommendations
Of the 32 analysts covering DVN stock, 31.25% have given a “strong buy” recommendation, and 37.50% of them have given “buy” recommendations.
Encana: Wall Street Ratings ahead of 4Q17 Earnings
As of February 8, Reuters reported that 29 analysts had recommendations on Encana (ECA).
Will Encana Beat Its 4Q17 Earnings Estimates?
In the last year, Encana (ECA) beat the consensus EPS estimate every quarter—in 4Q16, 1Q17, 2Q17, and 3Q17.
Will Encana’s Quarterly Production Growth Start in 4Q17?
Encana (ECA) didn’t give any specific production guidance for 4Q17. But on its 3Q17 earnings conference call, Encana maintained its 2017 production guidance from July 2017.
Encana’s 4Q17 Revenue Growth versus the Energy Sector
For 4Q17, Wall Street analysts expect Encana (ECA) to report revenues of ~$1.1 billion.
Will Encana Report Higher Profits in 4Q17?
Encana (ECA) is set to report its 4Q17 and 2017 earnings on February 15 before the market opens.
Could Occidental Petroleum’s Cash Flow Increase in 4Q17?
For fiscal 2017, Wall Street analysts expect Occidental Petroleum (OXY) to report operating cash flow of ~$5.1 billion, ~50.0% higher than ~$3.4 billion in 2016.
Are Institutional Investors Accumulating Encana Stock?
In 4Q17, 156 funds were “buyers” of Encana stock, while 143 funds were “sellers.” In 4Q17, total buying funds outnumbered total selling funds by 13.
Where Wall Street Thinks Encana Could Trade in 2018
As of January 26, 2018, 31.0% of the analysts have a “strong buy,” 51.7% have a “buy,” 13.8% have a “hold,” and 3.5% have a “sell” recommendation on Encana.
Do Short Sellers Believe the Rally in Encana Stock?
From the perspective of shares outstanding, the current short interest in Encana stock as a percentage of shares outstanding is at ~1.4%.
Where Encana Stock Could Settle in the Next 7 Days
As of January 26, 2018, Encana (ECA) had an implied volatility of ~36.4%, which is higher than its implied volatility of ~35% at the end of 4Q17.
Encana: Higher Correlation with Crude Oil in the Long Term
For the week ending January 26, 2018, Encana stock had a very poor correlation of approximately -42% with the crude oil (USO) prices.
Why Encana Stock Is in a Strong Uptrend
For the week ending January 26, 2018, Encana’s (ECA) stock price fell moderately by almost 1% or from $13.49 to $13.36.
Will ConocoPhillips’s Cash Flow Increase in 4Q17?
Analysts expect ConocoPhillips to report a year-over-year rise of ~49% in its operating cash flow from ~$2.2 billion in 4Q17 from ~$1.4 billion in 4Q16.
Are Companies Moving away from the Eagle Ford?
According to IHS Markit, only 1,415 new wells were brought online in 2016 compared to 2,717 in 2015 and 4,040 in 2014.
Where Does Wall Street Think Encana Can Trade in 2018?
As of December 21, 2017, ~75.0% of the analysts covering Encana (ECA) have “strong buy” or “buy” recommendations on the stock.
Where Encana’s Stock Could Settle in the Next 7 Days
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.