Encana (ECA) Raised to “Outperform” at AltaCorp Capital
Encana (TSE:ECA) (NYSE:ECA) was upgraded by stock analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday.
A number of other research analysts also recently commented on ECA. Raymond James Financial increased their target price on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 20th. Scotiabank increased their target price on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$16.20.
Shares of Encana (TSE:ECA) opened at C$13.30 on Wednesday. Encana has a fifty-two week low of C$10.54 and a fifty-two week high of C$17.94. The firm has a market cap of $12,940.00, a price-to-earnings ratio of 13.30 and a beta of 1.67.
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.
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