Encana Corporation (NYSE:ECA) (TSE:ECA) had its target price lifted by Citigroup Inc. from $13.00 to $14.00 in a research report report published on Thursday, October 19th. Citigroup Inc. currently has a buy rating on the oil and gas company’s stock.
ECA has been the topic of a number of other research reports. Scotiabank raised Encana Corporation from an underperform rating to a sector perform rating and set a $11.00 target price for the company in a research report on Friday, June 30th. Morgan Stanley upped their target price on Encana Corporation from $14.00 to $15.00 and gave the company an equal weight rating in a research report on Thursday, October 19th. BidaskClub raised Encana Corporation from a sell rating to a hold rating in a research report on Wednesday, July 19th. Barclays PLC reissued an overweight rating and issued a $8.00 target price on shares of Encana Corporation in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on Encana Corporation from $13.00 to $15.00 and gave the stock an outperform rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $14.16.
Encana Corporation (NYSE ECA) traded up 5.05% on Thursday, hitting $11.24. 12,793,888 shares of the company’s stock traded hands. The stock has a market cap of $10.94 billion, a P/E ratio of 13.40 and a beta of 2.12. Encana Corporation has a 12 month low of $8.01 and a 12 month high of $13.85. The stock has a 50 day moving average price of $11.09 and a 200-day moving average price of $10.17.
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Several hedge funds have recently bought and sold shares of the company. Intact Investment Management Inc. acquired a new stake in shares of Encana Corporation during the third quarter worth $15,463,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Encana Corporation during the third quarter worth $1,020,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Encana Corporation by 5.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 112,742 shares of the oil and gas company’s stock worth $1,328,000 after purchasing an additional 5,456 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Encana Corporation by 39.9% during the third quarter. Korea Investment CORP now owns 560,121 shares of the oil and gas company’s stock worth $6,579,000 after purchasing an additional 159,720 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Encana Corporation by 18.1% during the third quarter. Aperio Group LLC now owns 366,584 shares of the oil and gas company’s stock worth $4,318,000 after purchasing an additional 56,136 shares during the last quarter. Institutional investors and hedge funds own 67.02% of the company’s stock.
Encana Corporation Company Profile
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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