It Seems Encana Corp Will Go Up. Have Another Big Increase

 It Seems Encana Corp Will Go Up. Have Another Big Increase

The stock of Encana Corp (TSE:ECA) is a huge mover today! About 2.16M shares traded hands. Encana Corp (TSE:ECA) has risen 93.28% since March 11, 2016 and is uptrending. It has outperformed by 87.79% the S&P500.
The move comes after 6 months positive chart setup for the $13.86B company. It was reported on Oct, 18 by Barchart.com. We have $23.75 PT which if reached, will make TSE:ECA worth $8.87B more.

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 -22.58% below today’s ($14.48) stock price. Encana Corporation has been the topic of 22 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, December 15. The company was maintained on Friday, July 22 by RBC Capital Markets. The company was maintained on Friday, August 19 by TD Securities.

More notable recent Encana Corp (TSE:ECA) news were published by: Seekingalpha.com which released: “EnCana Corp. Finally Turns The Page” on October 17, 2016, also Fool.com with their article: “Better Buy: Encana Corp or Pengrowth Energy Corp” published on October 04, 2016, Fool.com published: “Why Did Encana Corp Sell $1 Billion in Stock?” on September 20, 2016. More interesting news about Encana Corp (TSE:ECA) were released by: Fool.com and their article: “Encana Corp’s Dramatic Transformation in 3 Charts” published on September 29, 2016 as well as Fool.com‘s news article titled: “These 3 Catalysts Fueled Encana Corp’s 11% Rally in September” with publication date: October 07, 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 $13.86 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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