Noteworthy Price Action: A Reversal for Encana Corp (USA) Is Not Near. The Stock Rises Again

Noteworthy Price Action: A Reversal for Encana Corp (USA) Is Not Near. The Stock Rises Again

The stock of Encana Corp (USA) (NYSE:ECA) is a huge mover today! About 14.92M shares traded hands. Encana Corp (USA) (NYSE:ECA) has risen 128.98% since March 2, 2016 and is uptrending. It has outperformed by 120.72% the S&P500.
The move comes after 9 months positive chart setup for the $10.35 billion company. It was reported on Oct, 5 by Barchart.com. We have $13.36 PT which if reached, will make NYSE:ECA worth $2.28B more.

Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on November, 10. They expect $-0.02 earnings per share, up 33.33% or $0.01 from last year’s $-0.03 per share. After $0.10 actual earnings per share reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -120.00% negative EPS growth.

Encana Corp (USA) (NYSE:ECA) Ratings Coverage

Out of 16 analysts covering Encana Corporation (NYSE:ECA), 5 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 31% are positive. Encana Corporation has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. FirstEnergy Capital upgraded it to “Outperform” rating and $11.50 target price in Tuesday, July 28 report. As per Thursday, June 23, the company rating was downgraded by Macquarie Research. RBC Capital Markets maintained Encana Corp (USA) (NYSE:ECA) rating on Thursday, February 25. RBC Capital Markets has “Sector Perform” rating and $8 price target. The rating was downgraded by IBC to “Underperform” on Thursday, February 25. The rating was maintained by BMO Capital Markets on Saturday, September 5 with “Buy”. The stock of Encana Corp (USA) (NYSE:ECA) earned “Buy” rating by Deutsche Bank on Wednesday, December 9. The rating was downgraded by Scotia Capital on Tuesday, September 20 to “Underperform”. The stock of Encana Corp (USA) (NYSE:ECA) earned “Hold” rating by KLR Group on Monday, August 29. The rating was maintained by Deutsche Bank on Tuesday, June 14 with “Buy”. The stock of Encana Corp (USA) (NYSE:ECA) earned “Outperform” rating by FirstEnergy Capital on Friday, December 4.

According to Zacks Investment Research, “EnCana Corporation is one of the world’s largest independent natural gas producers and gas storage operators.”

More notable recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: “Should Suncor Energy Inc. or Encana Corp. Be Your Next Oil Bet?” on September 29, 2016, also Fool.ca with their article: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?” published on September 01, 2016, Fool.ca published: “Energy Investors: Encana Corporation or Enerplus Corp.?” on May 05, 2016. More interesting news about Encana Corp (USA) (NYSE:ECA) were released by: Fool.ca and their article: “Should You Own Encana Corporation or Baytex Energy Corp.?” published on August 19, 2016 as well as Fool.ca‘s news article titled: “Encana Corporation Gets Some Terrifying News” with publication date: June 13, 2016.

ECA Company Profile

Encana Corporation, incorporated on January 1, 2006, is an energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s activities also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. The Firm operates through three divisions: Canadian Operations, USA Operations and Market optimization.

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