Skip to main content

The Globe and Mail

Stock analysis: Encana scores high as it trades near 10-year lows

Jeff McIntosh/Canadian Press

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries.

Encana Corp. was once a stock market darling, but then natural gas prices plunged and Canada's biggest producer of the commodity found itself with too little revenue to fund its ambitious capital plans.

The stock is continuing to trade near 10-year lows, even though natural gas prices edged up in August. Could this be a good time for value investors to buy into the stock?

Story continues below advertisement

This report provides a detailed analysis that investors may want to review before buying or selling the stock.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Encana's average score is 9 out of 10, placing it within the top 15 per cent of stocks scored.

Read more in this comprehensive report.

Read other reports here.

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨