Encana Corp (USA) (NYSE:ECA) target price raised to $14.00, reported today by Credit Suisse Group AG
- Updated: October 6, 2016
Having a price of $10.93, Encana Corp (USA) (NYSE:ECA) traded -1.92% lower on the day. With the last close up 32.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Encana Corp (USA) has recorded a 50-day average of $9.86 and a two hundred day average of $8.08. Volume of trade was down over the average, with 6,533,249 shares of ECA changing hands under the typical 16,075,400
Encana Corp (USA) (NYSE:ECA) had its stock price target increased to $14.00 by Credit Suisse Group AG in an issued report issued Thursday October 06, 2016. The new stock price target indicates a potential upside of 0.28% based on the company's most recent close.
On 9/30/2016, 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%.
With a total market value of $0, Encana Corp (USA) has with a 52 week low of $3.00 and a 52 week high of $11.23 .
In addition to Credit Suisse Group AG 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.
Brief Synopsis On 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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