Encana Corporation (ECA) : 15 analysts are covering Encana Corporation (ECA) and their average rating on the stock is 2.67, which is read as a Hold. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Encana Corporation (ECA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Encana Corporation (ECA) : 13 investment research analysts covering Encana Corporation (ECA) have an average price target of $9.77 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $8 for the short term. Analysts expect the variance to be within $2.39 of the average price.
Company shares have received an average consensus rating of Hold for the current week Encana Corporation (NYSE:ECA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.73 and $8.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.16, notching a gain of 6.26% for the day. The total traded volume was 11,292,250 . The stock had closed at $8.62 on the previous day.
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.