Encana Corp (ECA) Earns “Outperform” Rating from BMO Capital Markets
Encana Corp (TSE:ECA) (NYSE:ECA)‘s stock had its “outperform” rating restated by equities researchers at BMO Capital Markets in a research report issued on Wednesday. They currently have a C$13.00 price objective on the stock. BMO Capital Markets’ price target indicates a potential upside of 15.76% from the stock’s previous close.
Several other research firms also recently commented on ECA. GMP Securities downgraded shares of Encana Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Scotiabank restated an “underperform” rating and issued a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd. TD Securities restated a “hold” rating and issued a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd. AltaCorp Capital restated a “sector perform” rating on shares of Encana Corp in a research note on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. began coverage on shares of Encana Corp in a research note on Wednesday, May 31st. They issued an “outperform” rating and a C$20.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Encana Corp presently has a consensus rating of “Hold” and an average target price of C$16.80.
Encana Corp (TSE ECA) traded up 2.93% during mid-day trading on Wednesday, reaching $11.23. 5,016,236 shares of the company’s stock traded hands. The firm has a 50 day moving average of $13.82 and a 200 day moving average of $15.34. The firm’s market cap is $10.93 billion. Encana Corp has a 1-year low of $9.46 and a 1-year high of $18.13.
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About Encana Corp
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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