Encana Corporation (NYSE:ECA) (TSE:ECA) received a $15.00 price target from analysts at Royal Bank Of Canada in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 33.45% from the company’s current price.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Encana Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Barclays PLC upped their price objective on Encana Corporation from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets set a $14.00 price objective on Encana Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Scotiabank upped their price objective on Encana Corporation from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 19th. Finally, Raymond James Financial, Inc. upped their price objective on Encana Corporation from $15.00 to $16.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company. Encana Corporation has a consensus rating of “Buy” and a consensus target price of $14.16.

Encana Corporation (NYSE ECA) traded up 5.05% during trading on Friday, hitting $11.24. The stock had a trading volume of 12,793,888 shares. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 13.40 and a beta of 2.12. The company has a 50-day moving average price of $11.01 and a 200-day moving average price of $10.18.

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Large investors have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in shares of Encana Corporation in the 2nd quarter valued at about $102,000. Gotham Asset Management LLC bought a new position in shares of Encana Corporation in the 2nd quarter valued at about $109,000. Atria Investments LLC bought a new position in shares of Encana Corporation in the 2nd quarter valued at about $113,000. Equity Investment Corp Acquisition Inc lifted its holdings in shares of Encana Corporation by 5.4% in the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 666 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Encana Corporation in the 2nd quarter valued at about $118,000. 67.02% of the stock is owned by hedge funds and other institutional investors.

About Encana Corporation

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.

Analyst Recommendations for Encana Corporation (NYSE:ECA)

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