Encana Corp (TSE:ECA) Upside Target Change
In a research report shared with investors by TD Securities on Friday morning, Encana Corp (TSE:ECA) had its target price per share upgraded to $13.00. The firm presently has Buy rating on the stock.
The target increase is well-received by stock investors, as TSE:ECA is currently trading 2.27% higher at $14.43 as of 08:02 New York time. Encana Corp shares have increased 101% in the past 200 days, while the Standard & Poor’s 500 index has added 6.91% during the same time.
According to data compiled by Thomson Reuters, Encana Corp (TSE:ECA)’s stock is covered by 13 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $10.31, which reflects an downside potential of 28.55% over the current price.
TSE:ECA Price Chart & Trend
The stock price of Encana Corp has risen 101% over the last 200 days, and is in reinforcing up trend. In the last 50 and 100 days, Encana Corp is up 33.11% and up 62.37%, respectively. Our stocks momentum model is shown on the price chart below.
Encana Corp (TSE:ECA) Profile
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). 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.
Encana Corp (TSE:ECA) traded up 2.27% on 7 October, hitting $14.43. A total of 4.57 million shares of the company’s stock traded hands. This is down from average of 7.06 million shares. Encana Corp has a 52 week low of $4.14 and a 52 week high of $14.84. The company has a market cap of $13.74 billion and a P/E ratio of 0.
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