CIBC upgraded Encana Corp (USA) (NYSE:ECA) to Sector Perform in a report released today.
- Updated: September 30, 2016
Yesterday Encana Corp (USA) (NYSE:ECA) traded 7.68% higher at $10.10. The company’s 50-day moving average is $9.72 and its 200-day moving average is $7.92. The last closing price is up 27.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 51,104,324 shares of the stock traded hands, up from an average trading volume of 15,706,400
CIBC has upgraded Encana Corp (USA) (NYSE:ECA) to Sector Perform in a report released on 9/30/2016.
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Encana Corp (USA) has a 52 week low of $3.00 and a 52 week high of $10.75 The company’s market cap is currently $0.
In addition to CIBC reporting its stock price target, a total of 25 brokers have issued a research note on the company. The average stock price target is $9.20 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 13 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About 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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