Zacks Investment Research downgraded Encana Corp (USA) (NYSE:ECA) to Hold in a statement released earlier today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded Encana Corp (USA) (NYSE:ECA) to Hold in a statement released on 9/21/2016.
Boasting a price of $9.28, Encana Corp (USA) (NYSE:ECA) traded 2.63% higher on the day. With the last close up 20.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Encana Corp (USA) has recorded a 50-day average of $9.57 and a two hundred day average of $7.78. Volume of trade was up over the average, with 49,016,049 shares of ECA changing hands over the typical 13,959,700
With a total market value of $0, Encana Corp (USA) has with a one year low of $3.00 and a one year high of $10.75 .
A total of 25 analysts have released a research note on ECA. Two analysts rating the company a strong buy, five analysts rating the company a buy, thirteen analysts rating the company a hold, four analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $9.20.
More About 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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