Encana Corp (USA) (NYSE:ECA) has been upgraded to Buy in a statement by GMP Securities earlier today.
- Updated: October 8, 2016
GMP Securities has upgraded Encana Corp (USA) (NYSE:ECA) to Buy in a statement released on 10/06/2016.
On Friday September 30, 2016, Citigroup Inc. released a statement on Encana Corp (USA) (NYSE:ECA) upped the target price from $10.00 to $13.00 that suggested an upside of 0.29%.
Having a price of $10.93, Encana Corp (USA) (NYSE:ECA) traded 1.21% higher on the day. With the last close up 33.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ECA has recorded a 50-day average of $9.92 and a two hundred day average of $8.13. Trade Volume was up over the average, with 18,737,804 shares of ECA changing hands over the typical 16,386,000
Recent Performance Chart
Encana Corp (USA) has with a one year low of $3.00 and a one year high of $11.23 and has a market capitalization of $0.
A total of 25 analysts have released a report on Encana Corp (USA). Two analysts rating the company a strong buy, five analysts rating the company a buy, thirteen analysts rating the company a hold, four analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $9.20.
General Company Details For 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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