NEW YORK (TheStreet) -- Shares of Encana Corp. are up 5.46% to $13.72 today as oil rose further on Tuesday on solid U.S. manufacturing data and a weaker dollar, Reuters reports. West Texas Intermediate for March delivery was up 2.64% to $50.88 at 11:42 a.m. in New York. Brent rose 2.56% to $56.15. The gains in oil are building on gains sparked by expectations that output will suffer following reports of declining rig counts and cuts in capital expenditure, Reuters said. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "The market is trying to find its footing. But the fundamentals of production haven't changed. We're in for a minimum year and probably several years of lower prices," BP Chief Executive Bob Dudley said, according to Reuters. Encana Corp. is a Calgary-based, North American energy producer that operates in two divisions, its Canadian Division and its USA Division. TheStreet Ratings team rates ENCANA CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate ENCANA CORP (ECA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: ECA's very impressive revenue growth greatly exceeded the industry average of 11.8%. Since the same quarter one year prior, revenues leaped by 64.2%. Growth in the company's revenue appears to have helped boost the earnings per share. The debt-to-equity ratio is somewhat low, currently at 0.69, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. ECA's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 32.87%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy. Net operating cash flow has decreased to $696.00 million or 25.56% 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. You can view the full analysis from the report here: ECA Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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