Encana Corp (NYSE:ECA) has been downgraded from Sector Perform to Underperform in a report by Scotia Group today.
- Updated: September 20, 2016
Yesterday Encana Corp (NYSE:ECA) traded 5.48% lower at $9.32. ECA’s 50-day moving average is $9.48 and its 200-day average is $7.74. The last stock price is up 20.46% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 43,345,367 shares of Encana Corp traded, up from ann avg. trading volume of 11,925,400.
Scotia Group has downgraded Encana Corp(NYSE:ECA) from Sector Perform to Underperform in a statement released 9/20/2016.
Previously on 9/12/2016, Nomura reported about Encana Corp(NYSE:ECA) upped the target price from $12.00 to $15.00. At the time, this suggested an upside of 0.46%.
Recent Performance Graph:
In addition to Scotia Group reporting it’s price target, a total of 25 brokers have reported on the company. The 12-month target stock price is $9.20 with two firms rating the stock a strong buy, five firms rating the stock a buy, 13 analysts rating the stock a hold, four firms rating the stock to underperform, and lastly 0 analysts rating the stock as sell.
With a market capitalization of $0.0, Encana Corp has a one-year low of $3.00 and a one-year high of $10.75 with a PE ratio of 0.
Brief Synopsis On Encana Corp (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 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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