Several other equities research analysts have also issued reports on the stock. AltaCorp Capital raised shares of Encana from a sector perform rating to an outperform rating in a research note on Wednesday, February 7th. Scotiabank increased their target price on shares of Encana to C$16.25 and gave the stock a sector perform rating in a research note on Friday, October 20th. Finally, Raymond James Financial increased their target price on shares of Encana to C$20.00 and gave the stock a strong-buy rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$16.83.
Shares of Encana (ECA) opened at C$13.79 on Friday. Encana has a 12 month low of C$10.54 and a 12 month high of C$17.94. The stock has a market cap of $13,420.00, a PE ratio of 13.79 and a beta of 1.67.
In related news, Director Douglas James Suttles purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of C$14.00 per share, with a total value of C$28,000.00.
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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.
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