Encana Corp’s Stock Is Sell After Today’s Huge Decline

 Encana Corp's Stock Is Sell After Today's Huge Decline

The stock of Encana Corp (TSE:ECA) is a huge mover today! About 971,617 shares traded hands. Encana Corp (TSE:ECA) has risen 83.35% since April 6, 2016 and is uptrending. It has outperformed by 77.71% the S&P500.
The move comes after 7 months negative chart setup for the $14.38 billion company. It was reported on Nov, 10 by Barchart.com. We have $13.14 PT which if reached, will make TSE:ECA worth $1.15B less.

Encana Corp (TSE:ECA) Ratings Coverage

Out of 8 analysts covering Encana Corporation (TSE:ECA), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $16.50 is the highest target while $7.50 is the lowest. The $10.96 average target is -23.25% below today’s ($14.28) stock price. Encana Corporation has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Tuesday, December 15 with “Sector Perform”. The stock has “Buy” rating given by TD Securities on Friday, November 4. Scotia Capital maintained it with “Top Pick” rating and $10 target price in Friday, November 4 report. The rating was maintained by TD Securities on Friday, August 19 with “Buy”. As per Friday, July 22, the company rating was maintained by RBC Capital Markets.

More notable recent Encana Corp (TSE:ECA) news were published by: Fool.com which released: “3 Standout Numbers From Encana Corp’s Q3 Report” on November 04, 2016, also Business.Financialpost.com with their article: “Cost cutting pays off as Encana Corp posts unexpected profit” published on November 03, 2016, Reuters.com published: “BRIEF-Morgan Stanley reports 5 pct passive stake in Encana Corp as of Octo…” on November 04, 2016. More interesting news about Encana Corp (TSE:ECA) were released by: Fool.ca and their article: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” published on October 20, 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 $14.38 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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