RBC Capital Markets Has Just Reaffirmed $13.75 Target Price Per Share on Encana Corporation (TSE:ECA) stock, While They’ve Also Reiterated Their “Sector Perform” Rating

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Encana Corporation (TSE:ECA) Rating Reaffirmed

RBC Capital Markets now has a $13.75 target on the $6.33B market cap company or 84.56% upside potential. In a recent report announced on Tuesday, 15 December, Encana Corporation (TSE:ECA) shares have had their “Sector Perform” Rating maintained by analysts at RBC Capital Markets.

From a total of 13 analysts covering Encana Corporation (TSE:ECA) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $13 while the lowest target price is $6. The mean of all analyst targets is $9.97 with a 45.72% above today’s ($7.48) stock price. Encana Corporation was the topic of 14 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc.

Approximately 4.22 million shares of stock traded hands or 55.15% up from the average. Encana Corporation (TSE:ECA) has declined 54.23% since May 12, 2015 and is downtrending. It has underperformed by 50.55% the S&P500.

RBC Capital Markets Has Just Reaffirmed $13.75 Target Price Per Share on Encana Corporation (TSE:ECA) stock, While They’ve Also Reiterated Their

Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids . The company has a market cap of $6.33 billion. The Firm operates through three business divisions: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. It currently has negative earnings. Market Optimization sells all of the Company’s upstream production to third-party customers.

According to Zacks Investment Research, “EnCana Corporation is one of the world’s largest independent natural gas producers and gas storage operators.”

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