Encana (ECA) Lowered to “Sector Perform” at AltaCorp Capital
Encana (TSE:ECA) (NYSE:ECA) was downgraded by stock analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday.
A number of other equities analysts have also recently weighed in on the stock. Scotiabank upped their price objective on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Raymond James Financial upped their price objective on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$16.20.
Encana (TSE ECA) opened at C$16.72 on Monday. The firm has a market cap of $16,270.00, a PE ratio of 16.89 and a beta of 1.77. Encana has a 12-month low of C$10.54 and a 12-month high of C$18.13.
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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