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Encana Corp (NYSE:ECA) target price raised to $13.00, reported today by Citigroup

Just yesterday Encana Corp (NYSE:ECA) traded 7.68% higher at $10.10. Encana Corp’s 50-day moving average is $9.72 and its 200-day moving average is $7.92. The last stock price is up 27.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 51,104,324 shares of ECA traded hands, up from an average trading volume of 15,706,400

Encana Corp (NYSE:ECA) had its target raised to $13.00 by Citigroup in a report released 09/30/2016. The upped price target implies a possible upside of 0.29% based on the company's previous stock price.

Recent Performance Chart

Encana Corp (NYSE:ECA)

Encana Corp has 52 week low of $3.00 and a 52 week high of $10.75 and has a market capitalization of $0.

In addition to Citigroup reporting its target price, a total of 25 firms have reported on the stock. The consensus target price is $9.20 with 2 firms rating the stock a strong buy, 5 analysts rating the company a buy, thirteen analysts rating the company a hold, four analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About 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 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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