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Macquarie downgraded Encana (NYSE:ECA) from Outperform to Neutral in a report released today.

Macquarie has downgraded Encana (NYSE:ECA) from Outperform to Neutral in a report released on 6/21/2017.

Previously on 6/16/2017, Wolfe Research reported on Encana (NYSE:ECA) increased the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.48%.

Just yesterday Encana (NYSE:ECA) traded 0.00% even at $8.40. Encana’s 50-day moving average is $9.53 and its 200-day moving average is $10.13. The last closing price is down 3.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 13,052,152 shares of ECA traded hands, up from an average trading volume of 12,518,800

Recent Performance Chart

Encana (NYSE:ECA)

Encana has 52 week low of $8.01 and a 52 week high of $13.85 with a PE ratio of 12.44 and has a market capitalization of $0.

In addition to Macquarie 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 (NYSE:ECA)

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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. It operates through three segments: Canadian Operations, USA Operations and Market optimization. Its Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. Its Canadian operations include Montney in northeast British Columbia and northwest Alberta and Duvernay in west central Alberta. The USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. The Market Optimization activities are primarily responsible for the sale of the Company's production to third party customers.

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