Bernstein Raises their Rating for Shares of Encana Corp (NYSE:ECA). Are Other Analysts Next?

September 17, 2017 - By Henry Gaston

  Bernstein Raises their Rating for Shares of Encana Corp (NYSE:ECA). Are Other Analysts Next?

Encana Corp (NYSE:ECA) Stock Upgrade

The rating of Encana Corp (NYSE:ECA) shares have been raised by investment analysts at Bernstein from their previous “Mkt Perform” rating to a solid “Outperform” via analysts note shared with investors on Friday, 15 September. Bernstein from today has a $14.00 TP shares and their TP means a possible upside of 34.10 %.

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

Among 28 analysts covering Encana Corporation (NYSE:ECA), 20 have Buy rating, 2 Sell and 6 Hold. Therefore 71% are positive. Encana Corporation has $16 highest and $5.50 lowest target. $11.63’s average target is 11.40% above currents $10.44 stock price. Encana Corporation had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Encana Corp (USA) (NYSE:ECA) has “Buy” rating given on Monday, October 10 by . The stock of Encana Corp (USA) (NYSE:ECA) has “Hold” rating given on Tuesday, December 1 by Jefferies. The firm has “Buy” rating given on Friday, September 30 by Citigroup. Desjardins Securities maintained Encana Corp (USA) (NYSE:ECA) on Friday, March 31 with “Hold” rating. The stock has “Underperform” rating by Scotia Capital on Tuesday, September 20. On Friday, November 13 the stock rating was maintained by Deutsche Bank with “”. The firm has “Buy” rating given on Thursday, January 21 by Deutsche Bank. The firm earned “Market Perform” rating on Tuesday, December 22 by BMO Capital Markets. BMO Capital Markets upgraded it to “Outperform” rating and $7.50 target in Monday, April 11 report. On Monday, June 26 the stock rating was maintained by BMO Capital Markets with “Buy”.

It closed at $10.44 lastly. It is up 50.13% since September 17, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

Investors wait Encana Corp (USA) (NYSE:ECA) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.07 EPS, up $0.03 or 75.00 % from last year’s $0.04 same quarter earnings. This translates into $67.99 million profit for ECA giving the stock a 37.29 P/E. This is assuming the current $0.07 EPS is accurate. Encana Corp (USA)’s Wall Street analysts see -61.11 % negative EPS growth, taking into account the $0.18 EPS reproted in the previous quarter,

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The company has market cap of $10.14 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It has a 12.09 P/E ratio. All of its reserves and production are located in North America.

More important recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: “Encana Corp.: Is the Sell-Off Overdone?” on July 10, 2017, also Fool.ca published article titled: “Is Another Rally on the Horizon for Encana Corp.?”, Fool.ca published: “Should Encana Corp. Be in Your Portfolio?” on July 25, 2017. More interesting news about Encana Corp (USA) (NYSE:ECA) was released by: Benzinga.com and their article: “Encana Could Be On The Verge Of A 5-Year Long Growth Spurt” with publication date: September 15, 2017.

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