Encana Corporation (NYSE:ECA) (TSE:ECA) had its price objective raised by Credit Suisse Group from $14.00 to $15.00 in a research report released on Thursday, October 19th. The brokerage currently has an outperform rating on the oil and gas company’s stock.
ECA has been the subject of a number of other research reports. Scotiabank raised shares of Encana Corporation from an underperform rating to a sector perform rating and set a $11.00 target price for the company in a research note on Friday, June 30th. BidaskClub raised shares of Encana Corporation from a sell rating to a hold rating in a research note on Wednesday, July 19th. Barclays PLC reaffirmed an overweight rating and issued a $8.00 price objective on shares of Encana Corporation in a research note on Saturday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Encana Corporation from $13.00 to $15.00 and gave the company an outperform rating in a research note on Monday, September 25th. Finally, AltaCorp Capital raised shares of Encana Corporation from a sector perform rating to an outperform rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the stock. Encana Corporation currently has a consensus rating of Buy and a consensus price target of $14.16.
Shares of Encana Corporation (NYSE ECA) traded up 5.05% on Thursday, hitting $11.24. The stock had a trading volume of 12,793,888 shares. The company has a market cap of $10.94 billion, a price-to-earnings 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 $11.01 and a 200-day moving average price of $10.18.
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Institutional investors have recently modified their holdings of the business. Stevens Capital Management LP bought a new stake in Encana Corporation during the second quarter worth about $102,000. Gotham Asset Management LLC bought a new stake in Encana Corporation during the second quarter worth about $109,000. Atria Investments LLC bought a new stake in Encana Corporation during the second quarter worth about $113,000. Equity Investment Corp Acquisition Inc grew its stake in Encana Corporation by 5.4% during the second quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after buying an additional 666 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in Encana Corporation by 13.3% during the second quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock worth $119,000 after buying an additional 1,567 shares during the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.
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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