Encana Corp Stock Hold Recommendation Reiterated (ECA)
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- ECA, with its very weak revenue results, has greatly underperformed against the industry average of 0.6%. Since the same quarter one year prior, revenues plummeted by 63.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The debt-to-equity ratio of 1.12 is relatively high when compared with the industry average, suggesting a need for better debt level management. Regardless of the company's weak debt-to-equity ratio, ECA has managed to keep a strong quick ratio of 1.72, which demonstrates the ability to cover short-term cash needs.
- The gross profit margin for ENCANA CORP is rather low; currently it is at 21.80%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -202.70% is significantly below that of the industry average.
- Net operating cash flow has decreased to $631.00 million or 34.47% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
--Written by a member of TheStreet Ratings Staff.
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