Encana Corporation (ECA) Receives Price Target

Encana Corporation (ECA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $8. The average forecast of all the analysts is $9.93 and the expected standard deviation is $2.44.

Encana Corporation (ECA) : 5 brokerage houses believe that Encana Corporation (ECA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Encana Corporation (ECA). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.

Encana

Also, In a research note released to the investors, FirstEnergy upgrades its rating on Encana Corporation (NYSE:ECA).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 26, 2016.

Encana Corporation (NYSE:ECA): The stock opened at $9.47 on Thursday but the bulls could not build on the opening and the stock topped out at $9.67 for the day. The stock traded down to $9.29 during the day, due to lack of any buying support eventually closed down at $9.43 with a loss of -1.15% for the day. The stock had closed at $9.54 on the previous day. The total traded volume was 9,143,879 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.

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