Dallas, Texas 03/13/2014 (FINANCIALSTRENDS) – Encana Corporation (USA)(NYSE:ECA) is the Canadian energy producer in the oil and natural gas sector, which also holds assets in the several niche natural gas liquids as well. However, in the recent times the company has begun to focus more on the latter assets as it sees much upside in one such asset- Tuscaloosa Marine Shale.
The site is expected to see production in liquid increase in the next quarters, allowing this oil producer to offset the slowing down of production in its conventional line of production.
Additionally, this company will also see higher consolidation in the North American industry, and more specifically in the Canadian market. This will again be due to the increase in the liquid production, especially in the production of condensate. This is one of the raw materials which is seen to hold high demand in the oil and gas industry and the company hopes to run home dry by increasing the production of the same.
Besides, the advantage with this site for ECA, is that it will have higher pricing leverage, allowing the company to post higher profits on per barrel of oil pricing.
Encana Corporation (USA)(NYSE:ECA) holds a market cap of $14.75 billion and trades on the stock market on a daily price range of $19.45 low and high of $20.01. The company also trades on the 52 week pricing range high of $20.58 and 52 week low of $16.48.
The stock market price for this stock is expected to open at $19.79 at the previous trading session. The Volume to Average ratio for this company lies between nil and 6.05 million. The P to E ratio for the company is 61.85. Besides, the dividend to yield ratio for the company is 0.07 to 1.41.The EPS is 0.32.
The outstanding share for Encana Corporation (USA)(NYSE:ECA) is 740.85 million. Beta is 1.17