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A statement released today by Barclays about Encana (NYSE:ECA) raises the target price to $14.00

Barclays bumped up the price target of Encana (NYSE:ECA) to $14.00 indicating a possible upside of 0.26%.

Only yesterday Encana (NYSE:ECA) traded -0.09% lower at $11.09. The company’s 50-day moving average is $9.94 and its 200-day moving average is $8.20. With the last stock price close up 35.14% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was down over the average, with 2,095,967 shares of ECA changing hands under the typical 16,478,500

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Encana (NYSE:ECA)

Encana has a with a 52 week low of $3.00 and a 52 week high of $11.31 Encana’s market cap is currently $0.

Also covering Encana's price target, a total of 25 brokers have issued a research note on the company. The consensus target price is $9.20 with 2 firms rating the stock a strong buy, five equity analysts rating the company a buy, 13 brokerages rating the stock a hold, four analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

About Encana (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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