Stock Mover of the Day: What’s Next for Encana Corp (USA) After Today’s Significant Increase?

Stock Mover of the Day: What's Next for Encana Corp (USA) After Today's Significant Increase?

The stock of Encana Corp (USA) (NYSE:ECA) is a huge mover today! About 20.70 million shares traded hands or 39.58% up from the average. Encana Corp (USA) (NYSE:ECA) has risen 45.19% since April 27, 2016 and is uptrending. It has outperformed by 39.96% the S&P500.
The move comes after 5 months positive chart setup for the $11.86 billion company. It was reported on Nov, 30 by Barchart.com. We have $13.47 PT which if reached, will make NYSE:ECA worth $830.20M more.

Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on February, 22. They expect $0.03 EPS, down 76.92% or $0.10 from last year’s $0.13 per share. ECA’s profit will be $28.26M for 104.92 P/E if the $0.03 EPS becomes a reality. After $0.04 actual EPS reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

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

Out of 20 analysts covering Encana Corporation (NYSE:ECA), 12 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 60% are positive. Encana Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Accumulate” rating given by KLR Group on Monday, November 28. Barclays Capital maintained it with “Equalweight” rating and $7 target price in Thursday, July 14 report. The stock of Encana Corp (USA) (NYSE:ECA) earned “Buy” rating by Jefferies on Thursday, October 6. RBC Capital Markets maintained Encana Corp (USA) (NYSE:ECA) on Thursday, February 25 with “Sector Perform” rating. Deutsche Bank maintained the shares of ECA in a report on Friday, November 13 with “” rating. The firm has “Neutral” rating given on Thursday, October 6 by Macquarie Research. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, July 27. The firm has “Buy” rating given on Tuesday, December 15 by Jefferies. The rating was upgraded by RBC Capital Markets on Friday, November 4 to “Outperform”. The firm has “Buy” rating given on Monday, November 23 by Evercore.

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

More important recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” on October 20, 2016, also Fool.ca published article titled: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?”, Fool.ca published: “Royal Bank of Canada Upgrades Encana Corp.: Time to Buy?” on November 16, 2016. More interesting news about Encana Corp (USA) (NYSE:ECA) was released by: Fool.ca and their article: “Encana Corp.: Should You Buy the Dip?” with publication date: October 31, 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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