Macquarie upgraded Encana (NYSE:ECA) from Underperform to Neutral in a report released today.
- Updated: October 6, 2016
Macquarie has upgraded Encana (NYSE:ECA) from Underperform to Neutral in a report released on 10/06/2016.
Previously on 9/30/2016, Citigroup Inc. reported on Encana (NYSE:ECA) raised the target price from $10.00 to $13.00. At the time, this indicated a possible upside of 0.29%.
Yesterday Encana (NYSE:ECA) traded -1.92% lower at $10.93. The company’s 50-day moving average is $9.86 and its 200-day moving average is $8.08. The last closing price is up 32.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 6,533,249 shares of the stock were exchanged, down from an average trading volume of 16,075,400
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Encana has a with a one year low of $3.00 and a one year high of $11.23 ECA’s total market value is presently $0.
A total of 25 equity analysts have released a research note on ECA. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.20.
Brief Synopsis 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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