Shares of Encana Corp (TSE:ECA) (NYSE:ECA) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$16.20.
A number of research firms recently commented on ECA. AltaCorp Capital downgraded Encana from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Scotiabank upped their price objective on Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Finally, Raymond James Financial upped their price objective on Encana to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 20th.
Encana (TSE ECA) traded down C$0.61 during trading hours on Tuesday, hitting C$12.69. The company had a trading volume of 2,374,410 shares, compared to its average volume of 3,590,306. The stock has a market capitalization of $12,680.00, a P/E ratio of 12.91 and a beta of 1.67. Encana has a 12 month low of C$10.54 and a 12 month high of C$17.94.
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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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