Encana Corp (ECA) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Encana Corp (TSE:ECA) (NYSE:ECA) have earned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$16.35.
A number of analysts recently weighed in on the company. TD Securities boosted their target price on Encana Corp to C$15.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. AltaCorp Capital raised shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. BMO Capital Markets restated an “outperform” rating and set a C$13.00 price target on shares of Encana Corp in a research report on Wednesday, June 21st. Royal Bank Of Canada upped their price target on shares of Encana Corp to C$16.25 and gave the company an “outperform” rating in a research report on Monday, July 24th. Finally, Raymond James Financial, Inc. lifted their price objective on Encana Corp to C$19.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th.
TRADEMARK VIOLATION NOTICE: “Encana Corp (ECA) Receives Consensus Recommendation of “Buy” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/04/encana-corp-eca-receives-consensus-recommendation-of-buy-from-brokerages.html.
Shares of Encana Corp (TSE:ECA) traded up 0.07% during mid-day trading on Wednesday, reaching $14.51. 1,517,401 shares of the company’s stock were exchanged. The firm has a market cap of $14.12 billion and a P/E ratio of 17.29. The company has a 50 day moving average price of $12.50 and a 200 day moving average price of $13.23. Encana Corp has a 52-week low of $10.54 and a 52-week high of $18.13.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, September 14th.
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.