Cormark Downgrades EnCana to Market Perform (ECA)
EnCana (TSE:ECA) was downgraded by equities researchers at Cormark from a “buy” rating to a “market perform” rating in a research report issued on Thursday, AnalystRatings.Net reports.
Shares of EnCana (TSE:ECA) traded up 0.48% during mid-day trading on Thursday, hitting $17.805. The stock had a trading volume of 947,018 shares. EnCana has a 52-week low of $17.40 and a 52-week high of $23.86. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $18.7. The company’s market cap is $13.138 billion.
ECA has been the subject of a number of other recent research reports. Analysts at Societe Generale cut their price target on shares of EnCana from C$23.00 to C$19.00 in a research note to investors on Wednesday, October 2nd. Separately, analysts at Scotiabank cut their price target on shares of EnCana from C$23.00 to C$21.00 in a research note to investors on Tuesday, September 24th. Finally, analysts at RBC Capital upgraded shares of EnCana from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, September 12th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. EnCana has an average rating of “Hold” and an average target price of C$22.29.
Encana Corporation (TSE:ECA) is a North American energy producer.
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