AltaCorp Capital upgraded shares of Encana (TSE:ECA) (NYSE:ECA) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday.

A number of other analysts have also recently issued reports on the company. Scotiabank increased their target price on Encana to C$16.25 and gave the stock a sector perform rating in a research note on Friday, October 20th. Raymond James Financial increased their target price on Encana to C$20.00 and gave the stock a strong-buy rating in a research note on Friday, October 20th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of C$16.20.

Shares of Encana (TSE ECA) opened at C$12.83 on Wednesday. Encana has a 52 week low of C$10.54 and a 52 week high of C$17.94. The stock has a market capitalization of $12,480.00, a P/E ratio of 12.83 and a beta of 1.67.

Encana (TSE:ECA) (NYSE:ECA) last posted its earnings results on Wednesday, November 8th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). Encana had a return on equity of 17.15% and a net margin of 34.15%. The business had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.04 billion.

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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.

Analyst Recommendations for Encana (TSE:ECA)

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