Encana Corp (NYSE:ECA): Barclays Capital Keeps “Overweight” Rating Today, Has a Target of $12.00/Share

October 12, 2017 - By Louis Casey

 Encana Corp (NYSE:ECA): Barclays Capital Keeps

Encana Corp (NYSE:ECA) Rating Reaffirmed

In a note revealed to investors on 11 October, The “Overweight” rating of Encana Corp (NYSE:ECA) shares was reiterated at Barclays Capital, who now has a $12.00 target price per share on the stock. Barclays Capital’s target price per share would suggest a possible upside of 4.53 % from the previous close of the company.

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. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, September 27. The firm earned “Hold” rating on Wednesday, June 21 by Macquarie Research. The stock of Encana Corp (USA) (NYSE:ECA) earned “Neutral” rating by Citigroup on Monday, September 14. The firm has “Outperform” rating by Macquarie Research given on Tuesday, January 24. RBC Capital Markets upgraded it to “Outperform” rating and $13 target in Friday, November 4 report. The stock has “Buy” rating by Altacorp on Friday, October 6. The firm has “Buy” rating given on Wednesday, September 27 by Altacorp. Barclays Capital maintained Encana Corp (USA) (NYSE:ECA) on Thursday, July 14 with “Equalweight” rating. As per Monday, November 28, the company rating was downgraded by KLR Group. The stock has “Market Perform” rating by FirstEnergy Capital on Tuesday, October 13.

About 2.54M 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.

Analysts expect Encana Corp (USA) (NYSE:ECA) to report $0.07 EPS on November, 2.They anticipate $0.03 EPS change or 75.00 % from last quarter’s $0.04 EPS. ECA’s profit would be $69.20M giving it 40.82 P/E if the $0.07 EPS is correct. After having $0.18 EPS previously, Encana Corp (USA)’s analysts see -61.11 % 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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