Encana Corp (TSE:ECA) target price raised to $14.00, reported today by RBC Capital Markets
- Updated: September 21, 2016
Just yesterday Encana Corp (TSE:ECA) traded 1.50% higher at $12.24. Encana Corp’s 50-day moving average is $12.40 and its 200-day moving average is $10.08. The last closing price is up 21.26% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,390,709 shares of ECA traded hands, down from an average trading volume of 4,969,410
Encana Corp (TSE:ECA) had its target price increased to $14.00 by RBC Capital Markets in a report announced 9/21/2016. The bumped up target implies a potential upside of 0.14% based on the company's previous closing price.
Previously on 09/12/2016, RBC Capital Markets reported on Encana Corp (TSE:ECA) increased the target price from $11.50 to $12.75. At the time, this indicated a possible downside of -0.04%.
Recent Performance Chart
Encana Corp has 52 week low of $4.14 and a 52 week high of $13.87 and has a market capitalization of $0.
Also covering Encana Corp's target price, a total of 13 firms have released a ratings update on ECA. The average stock price target is $10.31 with zero analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero analysts rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.
General Company Details For Encana Corp (TSE: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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