Notable Reporting: Could Encana Corp (USA) Change Direction After Today’s Huge Increase?

Notable Reporting: Could Encana Corp (USA) Change Direction After Today's Huge Increase?

The stock of Encana Corp (USA) (NYSE:ECA) is a huge mover today! About 8.14M shares traded hands. Encana Corp (USA) (NYSE:ECA) has risen 83.80% since March 16, 2016 and is uptrending. It has outperformed by 78.26% the S&P500.
The move comes after 8 months positive chart setup for the $11.57 billion company. It was reported on Oct, 19 by Barchart.com. We have $17.49 PT which if reached, will make NYSE:ECA worth $5.79B more.

Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on November, 10. They expect $-0.02 EPS, up 33.33% or $0.01 from last year’s $-0.03 per share. After $0.10 actual EPS reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -120.00% negative EPS growth.

Encana Corp (USA) (NYSE:ECA) Ratings Coverage

Out of 20 analysts covering Encana Corporation (NYSE:ECA), 10 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 50% are positive. Encana Corporation has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Wednesday, December 9. The stock has “Equalweight” rating given by Barclays Capital on Thursday, July 14. Deutsche Bank maintained it with “Buy” rating and $6 target price in Thursday, January 21 report. Citigroup upgraded the shares of ECA in a report on Friday, September 30 to “Buy” rating. The stock of Encana Corp (USA) (NYSE:ECA) earned “Market Perform” rating by FirstEnergy Capital on Tuesday, October 13. The stock of Encana Corp (USA) (NYSE:ECA) has “Overweight” rating given on Tuesday, October 11 by Barclays Capital. As per Thursday, October 6, the company rating was reinitiated by Credit Suisse. The rating was upgraded by Deutsche Bank on Wednesday, October 14 to “Buy”. The stock of Encana Corp (USA) (NYSE:ECA) has “Market Perform” rating given on Tuesday, July 26 by FirstEnergy Capital. The stock of Encana Corp (USA) (NYSE:ECA) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 12.

According to Zacks Investment Research, “EnCana Corporation is one of the world’s largest independent natural gas producers and gas storage operators.”

More important recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: “Wall Street Loves Encana Corp.’s New 5-Year Plan” on October 14, 2016, also Fool.ca published article titled: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?”, Fool.ca published: “Should Suncor Energy Inc. or Encana Corp. Be Your Next Oil Bet?” on September 29, 2016. More interesting news about Encana Corp (USA) (NYSE:ECA) was released by: Fool.ca and their article: “Energy Investors: Encana Corporation or Enerplus Corp.?” with publication date: May 05, 2016.

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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