It’s been a crucial week for Encana Corporation (TSE:ECA); here’s what analysts have to say.

February 14, 2018 - By Marguerite Chambers

 It's been a crucial week for Encana Corporation (TSE:ECA); here's what analysts have to say.

Encana Corporation (TSE:ECA) Ratings Coverage

Among 8 analysts covering Encana Corporation (TSE:ECA), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Encana Corporation had 35 analyst reports since July 28, 2015 according to SRatingsIntel. Raymond James initiated the shares of ECA in report on Wednesday, May 31 with “Outperform” rating. The stock of Encana Corporation (TSE:ECA) has “Buy” rating given on Friday, November 18 by TD Securities. The firm earned “Sector Perform” rating on Friday, June 30 by Scotia Capital. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. The rating was downgraded by TD Securities to “Hold” on Friday, January 27. The rating was maintained by TD Securities on Friday, August 19 with “Buy”. TD Securities maintained the shares of ECA in report on Friday, February 17 with “Hold” rating. Scotia Capital maintained it with “Underperform” rating and $12 target in Friday, February 17 report. The stock of Encana Corporation (TSE:ECA) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, December 15. On Friday, June 30 the stock rating was upgraded by TD Securities to “Buy”. Below is a list of Encana Corporation (TSE:ECA) latest ratings and price target changes.

20/10/2017 Broker: Raymond James Rating: Strong Buy New Target: $20.00 Target Up
20/10/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $16.25 Target Up

The stock increased 4.93% or $0.66 during the last trading session, reaching $14.06. About 4.24M shares traded or 25.25% up from the average. Encana Corporation (TSE:ECA) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company has market cap of $13.68 billion. The firm owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia. It has a 17.64 P/E ratio. It also holds interests in assets that comprise the Eagle Ford in south Texas; Permian in west Texas; San Juan in northwest New Mexico; Piceance in northwest Colorado; and Tuscaloosa Marine Shale in east Louisiana and west Mississippi.

More recent Encana Corporation (TSE:ECA) news were published by: Fool.ca which released: “Why Encana Corp. Is One Canadian Oil Company to Keep on Your Watch List” on February 01, 2018. Also Fool.com published the news titled: “3 Things to Expect When Encana Corp Reports Fourth-Quarter Results” on February 13, 2018. Seekingalpha.com‘s news article titled: “Hartstreet: Encana Well Design Improvements Driving Oil Production Gains” with publication date: February 09, 2018 was also an interesting one.

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