Encana (NYSE:ECA) has been downgraded from Hold to Sell in a statement by Societe Generale earlier today.
- Updated: October 7, 2016
Societe Generale has downgraded Encana (NYSE:ECA) from Hold to Sell in a statement released on 10/7/2016.
On 10/6/2016, Credit Suisse Group AG released a statement on Encana (NYSE:ECA) bumped up the target price from $0.00 to $14.00 that suggested an upside of 0.28%.
Boasting a price of $10.73, Encana (NYSE:ECA) traded 0.42% higher on the day. With the last close up 33.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Encana has recorded a 50-day average of $9.90 and a two hundred day average of $8.10. Volume of trade was down over the average, with 5,801,301 shares of ECA changing hands under the typical 16,286,800
With a total market value of $0, Encana has with a one year low of $3.00 and a one year high of $11.23 .
A total of 25 equity analysts have released a ratings update on ECA. Two equity analysts rating the company a strong buy, five brokerages rating the company a buy, thirteen brokerages rating the company a hold, four brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $9.20.
More 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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