Breaking: Encana Corp (NYSE:ECA) “Overweight” Rating Maintained at Barclays Capital Today; The Price Objective Given is $12.00

October 12, 2017 - By Louis Casey

 Breaking: Encana Corp (NYSE:ECA)

Encana Corp (NYSE:ECA) Rating Reaffirmed

Encana Corp (NYSE:ECA) just had their share rating of a ‘”Overweight”‘ issued by research analysts at Barclays Capital, who now has a $12.00 target price on the $11.30 billion market cap company or a 4.53 % upside potential. This key information was released in analysts note on Wednesday, 11 October.

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

Among 28 analysts covering Encana Corporation (NYSE:ECA), 21 have Buy rating, 2 Sell and 5 Hold. Therefore 75% are positive. Encana Corporation has $16 highest and $5.50 lowest target. $12.27’s average target is 7.35% above currents $11.43 stock price. Encana Corporation had 101 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, June 5 the stock rating was maintained by Desjardins Securities with “Hold”. The firm has “Buy” rating given on Friday, September 30 by Citigroup. On Thursday, April 7 the stock rating was maintained by Citigroup with “Neutral”. On Tuesday, December 22 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. Societe Generale upgraded Encana Corp (USA) (NYSE:ECA) on Wednesday, January 11 to “Hold” rating. Jefferies maintained Encana Corp (USA) (NYSE:ECA) on Thursday, October 6 with “Buy” rating. The firm earned “Buy” rating on Wednesday, July 19 by Jefferies. As per Tuesday, September 8, the company rating was maintained by Barclays Capital. As per Friday, October 7, the company rating was downgraded by Societe Generale. Deutsche Bank maintained Encana Corp (USA) (NYSE:ECA) rating on Friday, November 13. Deutsche Bank has “” rating and $11 target.

About 2.54 million shares traded. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since October 12, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

Wall Street await Encana Corp (USA) (NYSE:ECA) to release earnings on November, 2. Analysts forecast EPS of $0.07, up exactly $0.03 or 75.00 % from 2014’s $0.04 EPS. The expected ECA’s profit could reach $69.14 million giving the stock 40.86 P/E in the case that $0.07 earnings per share is reported. After posting $0.18 EPS for the previous quarter, Encana Corp (USA)’s analysts now forecast -61.11 % negative EPS growth.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The company has market cap of $11.30 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It has a 13.24 P/E ratio. All of its reserves and production are located in North America.

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