A statement released earlier today by Citigroup Inc. about Encana Corp (USA) (NYSE:ECA) bumps the target price to $13.00
- Updated: September 29, 2016
Citigroup Inc. bumped up the target of Encana Corp (USA) (NYSE:ECA) to $13.00 stating a potential upside of 0.29%.
Boasting a price of $10.10, Encana Corp (USA) (NYSE:ECA) traded 7.68% higher on the day. With the last stock price close up 27.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Encana Corp (USA) has recorded a 50-day average of $9.72 and a two hundred day average of $7.92. Volume of trade was up over the average, with 51,104,324 shares of ECA changing hands over the typical 15,706,400
With a total market value of $0, Encana Corp (USA) has with a one year low of $3.00 and a one year high of $10.75 .
A total of 25 brokerages have released a report on Encana Corp (USA). Two brokerages rating the company a strong buy, five brokerages rating the company a buy, thirteen brokerages rating the company a hold, four brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $9.20.
General Company Details For Encana Corp (USA) (NYSE:ECA)
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. The Company operates through three segments: Canadian Operations, USA Operations and Market optimization. The Company's Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. Market Optimization segment is responsible for the sale of the Company's production and managing the associated netback price. Market Optimization sells the Company's upstream production to third-party customers.
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