Encana Corp (NYSE:ECA) (TSE:ECA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.08, but opened at $10.86. Encana shares last traded at $10.65, with a volume of 4603830 shares.
ECA has been the subject of a number of research reports. Zacks Investment Research cut Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Raymond James Financial upped their price objective on Encana from $15.00 to $16.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 19th. National Bank Financial upped their price objective on Encana from $14.50 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. AltaCorp Capital upgraded Encana from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Finally, Barclays upped their price objective on Encana from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.39.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $10,960.00, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.47 and a beta of 2.07.
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.
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