Encana Corporation (ECA) has risen sharply, recording gains of 23.23% in the past 4 weeks. However, the stock has corrected -2.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 23.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 9.11% and the fifty day Moving Average is 18.38%. Encana Corporation is up 30.09% in the last three month period. Year-to-Date the stock performance stands at 95.81%.
Encana Corporation (ECA) has been rated by 13 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 $2.53.
Encana Corporation (NYSE:ECA): The stock was completely flat for the day, closing at $9.92 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $9.99, the stock touched an intraday high of $10.30 and a low of $9.85. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.92. The total trading volume on Friday was 7,722,125.
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.