Encana Corp (ECA) Stock Rating Upgraded by TD Securities
Encana Corp (TSE:ECA) (NYSE:ECA) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm presently has a C$15.00 target price on the stock. TD Securities’ price objective points to a potential upside of 31.69% from the stock’s current price.
Several other research analysts also recently weighed in on ECA. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 target price on shares of Encana Corp in a research note on Wednesday, June 21st. Raymond James Financial, Inc. began coverage on Encana Corp in a research note on Wednesday, May 31st. They issued an “outperform” rating and a C$20.00 target price on the stock. Scotiabank reiterated an “underperform” rating and issued a C$15.00 target price on shares of Encana Corp in a research note on Thursday, April 20th. Finally, AltaCorp Capital reiterated a “sector perform” rating on shares of Encana Corp in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Encana Corp presently has a consensus rating of “Hold” and a consensus target price of C$16.70.
Shares of Encana Corp (TSE:ECA) traded up 1.32% on Friday, reaching $11.54. The company’s stock had a trading volume of 3,155,103 shares. The stock has a 50-day moving average price of $13.06 and a 200-day moving average price of $15.07. The company’s market capitalization is $11.23 billion. Encana Corp has a 1-year low of $9.56 and a 1-year high of $18.13.
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Encana Corp Company Profile
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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