Could Encana Corp Gain Strenght? The Stock Reaches 52-Week Low

 Could Encana Corp Gain Strenght? The Stock Reaches 52 Week Low

The stock of Encana Corp (TSE:ECA) is a huge mover today! About 2.06 million shares traded hands. Encana Corp (TSE:ECA) has risen 106.06% since March 10, 2016 and is uptrending. It has outperformed by 100.45% the S&P500.
The move comes after 9 months negative chart setup for the $13.88B company. It was reported on Oct, 17 by Barchart.com. We have $13.68 PT which if reached, will make TSE:ECA worth $694.00M less.

Encana Corp (TSE:ECA) Ratings Coverage

Out of 8 analysts covering Encana Corporation (TSE:ECA), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $16.50 is the highest target while $7.50 is the lowest. The $11.21 average target is -22.15% below today’s ($14.4) stock price. Encana Corporation has been the topic of 22 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Encana Corp (TSE:ECA) rating on Tuesday, December 15. RBC Capital Markets has “Sector Perform” rating and $13.75 price target. The company was maintained on Friday, August 19 by TD Securities. The firm earned “Sector Perform” rating on Friday, July 22 by RBC Capital Markets.

More notable recent Encana Corp (TSE:ECA) news were published by: Fool.com which released: “Better Buy: Encana Corp or Pengrowth Energy Corp” on October 04, 2016, also Fool.com with their article: “These 3 Catalysts Fueled Encana Corp’s 11% Rally in September” published on October 07, 2016, Fool.com published: “Encana Corp’s Dramatic Transformation in 3 Charts” on September 29, 2016. More interesting news about Encana Corp (TSE:ECA) were released by: Fool.com and their article: “Why Did Encana Corp Sell $1 Billion in Stock?” published on September 20, 2016 as well as Business.Financialpost.com‘s news article titled: “Encana Corp is no longer a ‘bad balance sheet’ company, says Citi Research” with publication date: September 30, 2016.

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids . The company has a market cap of $13.88 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It currently has negative earnings. All of its reserves and production are located in North America.

ECA Company Profile

Encana Corporation, incorporated on January 1, 2006, is an energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s activities also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. The Firm operates through three divisions: Canadian Operations, USA Operations and Market optimization.

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