Encana Corp (ECA) Given Consensus Rating of “Hold” by Brokerages
Shares of Encana Corp (TSE:ECA) (NYSE:ECA) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$16.80.
ECA has been the topic of a number of research reports. TD Securities reaffirmed a “hold” rating and issued a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$13.00 price target on shares of Encana Corp in a research note on Wednesday, June 21st. Raymond James Financial, Inc. initiated 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. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Encana Corp in a research note on Tuesday, May 2nd. Finally, Scotiabank reaffirmed an “underperform” rating and issued a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd.
Encana Corp (ECA) traded down 0.80% during midday trading on Monday, hitting $11.14. 636,325 shares of the stock traded hands. The stock’s market cap is $10.84 billion. Encana Corp has a 1-year low of $9.46 and a 1-year high of $18.13. The company has a 50-day moving average of $13.82 and a 200-day moving average of $15.34.
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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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