Encana Corporation (ECA) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Encana Corporation (ECA) : The most positive equity analysts on Encana Corporation (ECA) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $9.77 with an expected fluctuation of $2.39 from the mean.
Shares of Encana Corporation rose by 6.7% in the last five trading days and 31.82% for the last 4 weeks. Encana Corporation is up 40.62% in the last 3-month period. Year-to-Date the stock performance stands at 101.14%. Encana Corporation (NYSE:ECA): stock turned positive on Tuesday. Though the stock opened at $9.96, the bulls momentum made the stock top out at $10.43 level for the day. The stock recorded a low of $9.95 and closed the trading day at $10.19, in the green by 1.70%. The total traded volume for the day was 10,061,211. The stock had closed at $10.02 in the previous days trading.
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.