Encana Corporation (NYSE:ECA) has climbed 1.61% in the past week and advanced 10.24% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.83% and the outperformance has advanced to 9.24% for the last 4 weeks period.
Encana Corporation (NYSE:ECA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.98 and $7.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.18, notching a gain of 4.87% for the day. The total traded volume was 18,015,148 . The stock had closed at $7.80 on the previous day.
The company shares have dropped -31.14% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $12.14 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $7.49 and the 200 Day Moving Average price is recorded at $5.85.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank maintains its ratings on Encana Corporation (NYSE:ECA). In the latest research report, Deutsche Bank raises the target price from $10 per share to $11 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.26% of Encana Corporation shares according to the proxy statements. Institutional Investors own 62.85% of Encana Corporation shares.
Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. Market Optimization sells all of the Companys upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin, and San Juan.