Encana Corp Increases Again; Strong Momentum for Buyers

 Encana Corp Increases Again; Strong Momentum for Buyers

The stock of Encana Corp (TSE:ECA) is a huge mover today! About 3.55M shares traded hands. Encana Corp (TSE:ECA) has risen 62.84% since March 30, 2016 and is uptrending. It has outperformed by 61.63% the S&P500.
The move comes after 8 months positive chart setup for the $12.80B company. It was reported on Nov, 3 by Barchart.com. We have $17.05 PT which if reached, will make TSE:ECA worth $3.71B 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 -15.20% below today’s ($13.22) stock price. Encana Corporation has been the topic of 22 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Tuesday, December 15, the company rating was maintained by RBC Capital Markets. TD Securities maintained Encana Corp (TSE:ECA) on Friday, August 19 with “Buy” rating. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More notable recent Encana Corp (TSE:ECA) news were published by: Business.Financialpost.com which released: “Cost cutting pays off as Encana Corp posts unexpected profit” on November 03, 2016, also Fool.com with their article: “Better Buy: Encana Corp or Pengrowth Energy Corp” published on October 04, 2016, Fool.ca published: “Encana Corp.: Should You Buy the Dip?” on October 31, 2016. More interesting news about Encana Corp (TSE:ECA) were released by: Fool.com and their article: “These 3 Catalysts Fueled Encana Corp’s 11% Rally in September” published on October 07, 2016 as well as Seekingalpha.com‘s news article titled: “EnCana Corp. Finally Turns The Page” with publication date: October 17, 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 $12.80 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.TO 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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