Were Analysts Bearish Encana Corporation (NYSE:ECA) This Week?

December 13, 2017 - By Vivian Currie

 Were Analysts Bearish Encana Corporation (NYSE:ECA) This Week?

Encana Corporation (NYSE:ECA) Ratings Coverage

Among 28 analysts covering Encana Corporation (NYSE:ECA), 21 have Buy rating, 2 Sell and 5 Hold. Therefore 75% are positive. Encana Corporation has $16 highest and $5.50 lowest target. $12.67’s average target is 7.83% above currents $11.75 stock price. Encana Corporation had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, November 20 with “Overweight”. The rating was maintained by Canaccord Genuity on Tuesday, October 3 with “Buy”. The firm earned “Buy” rating on Thursday, November 9 by GMP Securities. On Friday, April 15 the stock rating was downgraded by Evercore to “Hold”. The rating was upgraded by KLR Group on Monday, November 7 to “Buy”. Credit Suisse reinitiated it with “Outperform” rating and $14 target in Thursday, October 6 report. Altacorp maintained the shares of ECA in report on Friday, October 6 with “Buy” rating. Evercore upgraded the shares of ECA in report on Monday, November 23 to “Buy” rating. TD Securities maintained Encana Corporation (NYSE:ECA) on Tuesday, June 13 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20. Below is a list of Encana Corporation (NYSE:ECA) latest ratings and price target changes.

20/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $13 New Target: $14 Maintain
09/11/2017 Broker: GMP Securities Rating: Buy New Target: $16.0 Maintain
27/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $15.0 Maintain
25/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $12 New Target: $13 Maintain
19/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $14.0 Maintain
19/10/2017 Broker: Citigroup Rating: Buy Old Target: $13 New Target: $14 Maintain
19/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $14 New Target: $15 Maintain
19/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $14 New Target: $15 Maintain
18/10/2017 Broker: Altacorp Rating: Buy New Target: $14.5 Maintain
13/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $11.5 New Target: $14 Maintain

The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.75. About 4.39M shares traded. Encana Corporation (NYSE:ECA) has risen 50.13% since December 13, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company has market cap of $11.58 billion. The firm owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia. It has a 14.74 P/E ratio. It also holds interests in assets that comprise the Eagle Ford in south Texas; Permian in west Texas; San Juan in northwest New Mexico; Piceance in northwest Colorado; and Tuscaloosa Marine Shale in east Louisiana and west Mississippi.

More notable recent Encana Corporation (NYSE:ECA) news were published by: Fool.ca which released: “Is Another Rally on the Horizon for Encana Corp.?” on August 10, 2017, also Cbc.ca with their article: “Encana reports 3rd quarter profit and revenue down from year ago” published on November 08, 2017, Fool.ca published: “Should Encana Corp. Be in Your Portfolio?” on July 25, 2017. More interesting news about Encana Corporation (NYSE:ECA) were released by: Cbc.ca and their article: “Encana selling Colorado natural gas assets to Denver company for $735M US” published on June 09, 2017 as well as Fool.ca‘s news article titled: “Encana Corp.: Is the Sell-Off Overdone?” with publication date: July 10, 2017.

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