EnCana Upgraded to “Outperform” at RBC Capital (ECA)
EnCana (NYSE:ECA) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
EnCana (NYSE:ECA) opened at 17.41 on Thursday. EnCana has a one year low of $16.48 and a one year high of $24.29. The stock’s 50-day moving average is $17.47 and its 200-day moving average is $18.17. The company’s market cap is $12.847 billion.
EnCana (NYSE:ECA) last released its earnings data on Wednesday, July 24th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.17. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, analysts predict that EnCana will post $1.02 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FirstEnergy Capital upgraded shares of EnCana (NYSE:ECA) to an “outperform” rating in a research note to investors on Tuesday, September 3rd. Separately, analysts at Global Hunter Securities initiated coverage on shares of EnCana (NYSE:ECA) in a research note to investors on Wednesday, August 14th. They set an “accumulate” rating and a $24.00 price target on the stock. Finally, analysts at TD Securities upgraded shares of EnCana (NYSE:ECA) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 25th.
Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.75.
EnCana Corporation (NYSE:ECA) is a natural gas producing company.
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