What Next for Encana Corp Stock After Today’s Huge Increase?

 What Next for Encana Corp Stock After Today's Huge Increase?

The stock of Encana Corp (TSE:ECA) is a huge mover today! About 1.64M shares traded hands. Encana Corp (TSE:ECA) has risen 75.77% since April 11, 2016 and is uptrending. It has outperformed by 71.85% the S&P500.
The move comes after 7 months positive chart setup for the $14.87 billion company. It was reported on Nov, 15 by Barchart.com. We have $24.02 PT which if reached, will make TSE:ECA worth $9.07 billion more.

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 -26.54% below today’s ($14.92) stock price. Encana Corporation has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. TD Securities maintained Encana Corp (TSE:ECA) on Friday, August 19 with “Buy” rating. The firm has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets. RBC Capital Markets maintained Encana Corp (TSE:ECA) rating on Friday, July 22. RBC Capital Markets has “Sector Perform” rating and $11.50 price target. TD Securities maintained the stock with “Buy” rating in Friday, November 4 report. The company was maintained on Friday, November 4 by Scotia Capital.

More notable recent Encana Corp (TSE:ECA) news were published by: Foxbusiness.com which released: “What Encana Corp’s CEO Wants Investors to Know About Its Growth Plan” on November 14, 2016, also Business.Financialpost.com with their article: “Cost cutting pays off as Encana Corp posts unexpected profit” published on November 03, 2016, Fool.com published: “3 Standout Numbers From Encana Corp’s Q3 Report” 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 $14.87 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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