Encana Corp (TSE:ECA) (NYSE:ECA) had its price target hoisted by research analysts at Raymond James Financial, Inc. to C$19.00 in a research report issued to clients and investors on Monday, July 24th, StockTargetPrices.com reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s price objective would suggest a potential upside of 64.64% from the stock’s previous close.
ECA has been the subject of several other research reports. AltaCorp Capital reissued a “sector perform” rating on shares of Encana Corp in a report on Tuesday, May 2nd. TD Securities reduced their target price on shares of Encana Corp to C$15.50 and set a “hold” rating for the company in a research note on Tuesday, June 13th. Scotiabank reaffirmed an “underperform” rating and issued a C$15.00 target price on shares of Encana Corp in a research note on Thursday, April 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Encana Corp in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Encana Corp has an average rating of “Buy” and a consensus price target of C$16.35.
Encana Corp (TSE:ECA) traded up 0.44% during mid-day trading on Monday, hitting $11.54. The stock had a trading volume of 4,252,258 shares. The company has a 50-day moving average price of $12.00 and a 200 day moving average price of $13.89. The company has a market cap of $11.23 billion and a P/E ratio of 13.75. Encana Corp has a 1-year low of $10.54 and a 1-year high of $18.13.
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Encana Corp Company Profile
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 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.
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