Encana (ECA) Stock Rating Lowered by AltaCorp Capital

Encana (TSE:ECA) (NYSE:ECA) was downgraded by equities research analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report released on Monday.

Several other analysts also recently issued reports on ECA. Raymond James Financial increased their price target on Encana to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, October 20th. Scotiabank increased their price target on Encana to C$16.25 and gave the company a “sector perform” rating in a report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Encana currently has an average rating of “Buy” and an average price target of C$16.20.

Shares of Encana (TSE:ECA) opened at C$16.72 on Monday. The company has a market capitalization of $16,270.00, a price-to-earnings ratio of 16.89 and a beta of 1.77. Encana has a twelve month low of C$10.54 and a twelve month high of C$18.13.

Encana (TSE:ECA) (NYSE:ECA) last released its quarterly earnings data on Wednesday, November 8th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). Encana had a return on equity of 17.15% and a net margin of 34.15%.

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About Encana

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

Analyst Recommendations for Encana (TSE:ECA)

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