Encana Corp (ECA) Receives Average Rating of “Hold” from Brokerages
Encana Corp (TSE:ECA) (NYSE:ECA) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$16.70.
A number of equities analysts recently commented on the company. TD Securities raised Encana Corp from a “hold” rating to a “buy” rating and set a C$15.00 price target for the company in a research note on Friday, June 30th. BMO Capital Markets reissued an “outperform” rating and set a C$13.00 price target on shares of Encana Corp in a research note on Wednesday, June 21st. Scotiabank reissued an “underperform” rating and set a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd. Raymond James Financial, Inc. assumed coverage on Encana Corp in a research note on Wednesday, May 31st. They set an “outperform” rating and a C$20.00 price target for the company. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of Encana Corp in a research note on Tuesday, May 2nd.
COPYRIGHT VIOLATION NOTICE: “Encana Corp (ECA) Receives Average Rating of “Hold” from Brokerages” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/07/21/encana-corp-eca-receives-average-rating-of-hold-from-brokerages-2.html.
Shares of Encana Corp (ECA) traded up 1.15% during trading on Friday, hitting $12.31. The company had a trading volume of 3,017,785 shares. The firm’s 50 day moving average is $11.82 and its 200-day moving average is $14.60. The stock’s market capitalization is $11.98 billion. Encana Corp has a 52 week low of $9.94 and a 52 week high of $18.13.
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.
Receive News & Ratings for Encana Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp and related companies with MarketBeat.com's FREE daily email newsletter.