Encana (TSE:ECA) (NYSE:ECA) received a C$15.00 target price from stock analysts at BMO Capital Markets in a report issued on Wednesday, April 18th. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 7.98% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. AltaCorp Capital raised Encana from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Sanford C. Bernstein increased their price target on Encana from C$19.89 to C$19.98 in a report on Friday, February 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$17.16.
Encana stock traded up C$0.12 during mid-day trading on Wednesday, hitting C$16.30. The company had a trading volume of 2,793,280 shares, compared to its average volume of 4,119,545. Encana has a 1 year low of C$10.54 and a 1 year high of C$17.94.
In related news, Director Douglas James Suttles purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of C$13.51 per share, with a total value of C$27,020.00. Over the last ninety days, insiders have purchased 6,000 shares of company stock valued at $76,420.
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Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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