Stock On Watch: Is Encana Corp (USA) a Buy? The Stock Rises Again

Stock On Watch: Is Encana Corp (USA) a Buy? The Stock Rises Again

The stock of Encana Corp (USA) (NYSE:ECA) is a huge mover today! About 7.75M shares traded hands. Encana Corp (USA) (NYSE:ECA) has risen 52.92% since April 13, 2016 and is uptrending. It has outperformed by 48.99% the S&P500.
The move comes after 5 months positive chart setup for the $11.24 billion company. It was reported on Nov, 15 by Barchart.com. We have $15.02 PT which if reached, will make NYSE:ECA worth $3.71B more.

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

Out of 20 analysts covering Encana Corporation (NYSE:ECA), 12 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 60% are positive. Encana Corporation has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. KLR Group upgraded Encana Corp (USA) (NYSE:ECA) on Monday, November 7 to “Buy” rating. On Thursday, October 6 the stock rating was upgraded by Macquarie Research to “Neutral”. The stock of Encana Corp (USA) (NYSE:ECA) has “Market Perform” rating given on Tuesday, July 26 by FirstEnergy Capital. The firm has “Neutral” rating by Citigroup given on Monday, September 14. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9. FirstEnergy Capital upgraded the stock to “Outperform” rating in Tuesday, July 28 report. The company was reinitiated on Tuesday, December 1 by Jefferies. As per Saturday, September 5, the company rating was maintained by BMO Capital Markets. The stock of Encana Corp (USA) (NYSE:ECA) earned “Outperform” rating by BMO Capital Markets on Monday, April 11. As per Tuesday, October 13, the company rating was downgraded by FirstEnergy Capital.

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: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” on October 20, 2016, also Fool.ca published article titled: “Encana Corp. Is up Over 200%: This Is Just the Beginning”, Fool.ca published: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?” on September 01, 2016. More interesting news about Encana Corp (USA) (NYSE:ECA) was released by: Fool.ca and their article: “Encana Corp. Just Posted a Surprise Profit: What Now?” with publication date: November 03, 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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