Encana (NYSE:ECA) (TSE:ECA) had its target price hoisted by equities research analysts at TD Securities from $14.50 to $15.00 in a note issued to investors on Thursday, November 9th. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Securities’ target price suggests a potential upside of 31.23% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Raymond James Financial raised their price target on shares of Encana from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 24th. BidaskClub cut shares of Encana from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Encana from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, July 27th. Desjardins reaffirmed a “hold” rating and set a $13.50 price objective on shares of Encana in a report on Tuesday, July 25th. Finally, Citigroup lowered their price target on shares of Encana from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company’s stock. Encana currently has a consensus rating of “Buy” and an average price target of $14.43.
Encana (ECA) opened at $11.43 on Thursday. The company has a market cap of $11,521.67, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.43 and a beta of 2.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Encana has a one year low of $8.01 and a one year high of $13.85.
Encana Company Profile
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.
Receive News & Ratings for Encana Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corporation and related companies with our FREE daily email newsletter.