Encana Corporation (ECA) : During the past 4 weeks, traders have been relatively bearish on Encana Corporation (ECA), hence the stock is down -1.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.48% relative to the S&P 500. The 4-week change in the price of the stock is -3.85% and the stock has fallen -4.97% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.76% and the 50-Day Moving Average is 9.41%.The 200 Day SMA reached 45.13% Encana Corporation is up 19.37% in the last 3-month period. Year-to-Date the stock performance stands at 92.73%.
Encana Corporation (ECA) : The consensus price target for Encana Corporation (ECA) is $10.73 for the short term with a standard deviation of $2.25. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $8.
Company shares have received an average consensus rating of Hold for the current week Encana Corporation (NYSE:ECA): stock was range-bound between the intraday low of $9.48 and the intraday high of $9.8 after having opened at $9.5 on Fridays session. The stock finally closed in the red at $9.5, a loss of -0.20%. The stock remained in the red for the whole trading day. The total traded volume was 12,317,522 shares. The stock failed to cross $9.8 in Fridays trading. The stocks closing price on Thursday was $9.75.
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.