BMO Capital Markets Reiterates Outperform Rating for Encana Corp (ECA)

BMO Capital Markets reiterated their outperform rating on shares of Encana Corp (TSE:ECA) (NYSE:ECA) in a research note released on Wednesday. BMO Capital Markets currently has a C$13.00 target price on the stock.

Several other analysts have also recently issued reports on the company. Scotiabank reiterated an underperform rating and issued a C$18.00 price objective on shares of Encana Corp in a research note on Wednesday, May 3rd. AltaCorp Capital reiterated a sector perform rating on shares of Encana Corp in a research note on Tuesday, May 2nd. TD Securities reduced their price objective on Encana Corp to C$15.50 and set a hold rating on the stock in a research note on Tuesday, June 13th. Raymond James Financial, Inc. initiated coverage on Encana Corp in a research note on Wednesday, May 31st. They issued an outperform rating and a C$20.00 price objective on the stock. Finally, GMP Securities cut Encana Corp from a buy rating to a hold rating in a research note on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of C$16.80.

Encana Corp (TSE ECA) opened at 11.17 on Wednesday. The company’s 50-day moving average is $13.82 and its 200 day moving average is $15.34. Encana Corp has a one year low of $9.46 and a one year high of $18.13. The company’s market capitalization is $10.87 billion.

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About Encana Corp

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 Corp (TSE:ECA)

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