Encana (NYSE:ECA) has been downgraded from Buy to Accumulate in a report by KLR Group today.
- Updated: November 28, 2016
KLR Group has downgraded Encana (NYSE:ECA) from Buy to Accumulate in a report released on 11/28/2016.
Previously on 11/21/2016, Vetr Inc. reported about Encana (NYSE:ECA) raised the target price from $0.00 to $12.02. At the time, this indicated a possible upside of 0.03%.
Yesterday Encana (NYSE:ECA) traded -1.95% lower at $12.16. The company’s 50-day moving average is $10.82 and its 200-day moving average is $9.17. The last stock close price is up 30.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 7,755,223 shares of the stock were exchanged, down from an average trading volume of 17,897,500
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Encana has a 52 week low of $3.00 and a 52 week high of $12.55 The company’s market cap is currently $0.
In addition to KLR Group 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 firms rating the stock a buy, 13 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Encana (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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