Encana Stock Hits New 52-Week Low (ECA)

NEW YORK (TheStreet) -- Encana (NYSE:ECA) hit a new 52-week low Friday as it is currently trading at $17.55, below its previous 52-week low of $17.64 with 962,826 shares traded as of 10 a.m. ET. Average volume has been 4.7 million shares over the past 30 days.

Encana has a market cap of $13.64 billion and is part of the basic materials sector and energy industry. Shares are down 3.4% year to date as of the close of trading on Thursday.

Encana Corporation engages in the exploration for, development, production, and marketing of natural gas and natural gas liquids primarily in Canada and the United States. The company has a P/E ratio of 49.4, above the average energy industry P/E ratio of 43.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Encana as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Encana Ratings Report.

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