BMO Capital Markets covered Encana Corp. (TSE:ECA), stepping up its target to $13.00 earlier today

BMO Capital Markets raised the target price of Encana Corp. (TSE:ECA) to $13.00 reporting a potential upside of 0.21%.

On 06/13/2017, TD Securities released a statement about Encana Corp. (TSE:ECA) upped the target price from $0.00 to $15.50 that suggested an upside of 0.22%.

Having a price of $10.77, Encana Corp. (TSE:ECA) traded 2.50% higher on the day. The last stock close price is down -4.33% from the 200-day average, compared with the S&P 500 Index which has increased 0.04% over the date range. The company has recorded a 50-day moving average of $11.89 and a 200-day moving average of $13.31. 5,535,506 shares of the stock traded hands, up from an average trading volume of 4,230,400

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Encana Corp. has a 52 week low of $10.54 and a 52 week high of $18.13 with a P/E ratio of 15.17 The company’s market cap is currently $0.

In addition to BMO Capital Markets reporting its stock price target, a total of 12 brokers have issued a report on the company. The average stock price target is $13.57 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Encana Corp. (TSE:ECA)

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. It operates through three segments: Canadian Operations, USA Operations and Market optimization. Its Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. Its Canadian operations include Montney in northeast British Columbia and northwest Alberta and Duvernay in west central Alberta. The USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. The Market Optimization activities are primarily responsible for the sale of the Company’s production to third party customers.

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