Could Encana Corp Skyrocket Even More? The Stock Just Made 52-Week High

 Could Encana Corp Skyrocket Even More? The Stock Just Made 52 Week High

The stock of Encana Corp (TSE:ECA) hit a new 52-week high and has $17.70 target or 4.00% above today’s $17.02 share price. The 9 months bullish chart indicates low risk for the $18.37B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $17.70 price target is reached, the company will be worth $734.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.04 million shares traded hands. Encana Corp (TSE:ECA) has risen 71.27% since April 27, 2016 and is uptrending. It has outperformed by 65.34% the S&P500.

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 -35.61% below today’s ($17.02) stock price. Encana Corporation has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Encana Corp (TSE:ECA) on Friday, July 22 with “Sector Perform” rating. The stock of Encana Corp (TSE:ECA) has “Top Pick” rating given on Friday, November 4 by Scotia Capital. The stock of Encana Corp (TSE:ECA) has “Buy” rating given on Friday, November 4 by TD Securities. TD Securities maintained the shares of ECA in a report on Friday, November 18 with “Buy” rating. The stock of Encana Corp (TSE:ECA) has “Buy” rating given on Friday, August 19 by TD Securities. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 15.

More notable recent Encana Corp (TSE:ECA) news were published by: Fool.com which released: “Encana Corp: It’s All About the Margins” on November 23, 2016, also Fool.com with their article: “What Encana Corp’s CEO Wants Investors to Know About Its Growth Plan” published on November 14, 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: Business.Financialpost.com and their article: “Cost cutting pays off as Encana Corp posts unexpected profit” published on November 03, 2016 as well as Streetinsider.com‘s news article titled: “KLR Group Downgrades EnCana Corp. (ECA) to Accumulate” with publication date: November 28, 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 $18.37 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment