Encana (NYSE:ECA) (TSE:ECA) received a $17.00 price target from analysts at BMO Capital Markets in a report issued on Thursday. The firm currently has a “buy” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 21.60% from the company’s current price.
A number of other research firms also recently weighed in on ECA. Canaccord Genuity restated a “buy” rating and issued a $16.00 target price on shares of Encana in a research report on Tuesday, January 9th. National Bank Financial upped their target price on Encana from $14.50 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. TD Securities upped their target price on Encana from $14.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Scotiabank upped their target price on Encana from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 19th. Finally, Raymond James Financial upped their target price on Encana from $15.00 to $16.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the stock. Encana has a consensus rating of “Buy” and a consensus target price of $15.02.
Shares of Encana (NYSE:ECA) opened at $13.98 on Thursday. The firm has a market capitalization of $13,630.00, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.97 and a beta of 2.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. Encana has a 52-week low of $8.01 and a 52-week high of $14.31.
TRADEMARK VIOLATION NOTICE: This story was posted by American Banking and Market News and is the sole property of of American Banking and Market News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/14/encana-eca-given-a-17-00-price-target-at-bmo-capital-markets.html.
Encana 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.