How Many Encana Corporation (TSE:ECA)'s Analysts Are Bearish?

Mae Love
January 13, 2018

It also operates as a broker of debt financing for commercial properties. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company. Therefore 25% are positive. The Firm has ATR of 0.37 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. $12.73's average target is -7.75% below currents $13.8 stock price.

The analysts offering 12 month price targets for Encana Corporation have a median target of $14.31, with a high estimate of $20 and a low estimate of $9.41. Scotiabank lifted their price target on Encana from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, October 19th. The firm has "Outperform" rating by Macquarie Research given on Thursday, September 28. The stock of Encana Corporation (NYSE:ECA) earned "Overweight" rating by Barclays Capital on Wednesday, October 11. While for the Next 5 years, the company could expect a growth of 111.78% per annum, whereas in the past Five years Encana Corporation (NYSE:ECA) showed a growth of -33.49 Percent per annum. Finally, KLR Group upgraded shares of Encana Corporation from an "accumulate" rating to a "buy" rating and set a $16.00 target price for the company in a research note on Friday, January 20th. As per Tuesday, January 26, the company rating was downgraded by UBS. Desjardins Securities maintained the stock with "Hold" rating in Monday, June 5 report. Sanford C. Bernstein raised Encana from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $10.00 to $14.00 in a research report on Friday, September 15th. Credit Suisse maintained it with "Hold" rating and $226.0 target in Monday, January 8 report.

Analysts await Marcus & Millichap, Inc. Reilly Herbert Faulkner Iii reported 0.2% in The Boeing Company (NYSE:BA). BA's profit will be $1.71B for 29.18 P/E if the $2.87 EPS becomes a reality. It also reduced its holding in Avexis Inc by 301,898 shares in the quarter, leaving it with 591,360 shares, and cut its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA). Albion Fin Group Incorporated Ut holds 0.06% or 1,582 shares in its portfolio. Westover Lc holds 20,339 shares or 0.62% of its portfolio. The institutional investor owned 324,138 shares of the company's stock after selling 122,529 shares during the period. Davenport has invested 0.01% of its portfolio in MetLife, Inc. Columbus Hill Capital Limited Partnership, a New Jersey-based fund reported 293,718 shares.

The stock increased 2.36% or $0.73 during the last trading session, reaching $31.61. About 3.11 million shares traded. It has underperformed by 2.78% the S&P500.

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Encana Corp (NYSE ECA) traded up $0.16 on Thursday, reaching $13.80. Warren Averett Asset Management Llc sold 3,070 shares as the company's stock rose 4.66% with the market.

Encana Corporation (NYSE:ECA) was down -0.3% (-$0.04) to $13.31 and showed a volume of 8.7 mln shares.

A number of analysts recently issued reports on the company. They were forecasting US$0.12 per share three months ago. Finally, Jennison Associates LLC purchased a new position in shares of Encana during the third quarter valued at $13,316,000.

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