Encana Corp (ECA) Given Consensus Recommendation of “Buy” by Brokerages
Encana Corp (TSE:ECA) (NYSE:ECA) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$16.83.
Several brokerages have commented on ECA. AltaCorp Capital cut shares of Encana from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Sanford C. Bernstein boosted their price target on shares of Encana from C$19.89 to C$19.98 in a research report on Friday, February 16th.
Shares of Encana (ECA) opened at C$13.52 on Friday. Encana has a 1 year low of C$10.54 and a 1 year high of C$17.94. The company has a market cap of $13,160.00, a PE ratio of 8.89 and a beta of 1.71.
In other Encana news, Director Douglas James Suttles purchased 2,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of C$13.51 per share, for a total transaction of C$27,020.00. Over the last quarter, insiders acquired 6,000 shares of company stock worth $79,950.
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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.
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