Encana (TSE:ECA) (NYSE:ECA) received a C$15.00 price objective from analysts at BMO Capital Markets in a research note issued on Thursday, May 3rd. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 11.24% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Sanford C. Bernstein upped their target price on shares of Encana from C$19.89 to C$19.98 in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$17.16.
Encana opened at C$16.90 on Thursday, according to Marketbeat Ratings. Encana has a twelve month low of C$10.54 and a twelve month high of C$17.94.
Encana (TSE:ECA) (NYSE:ECA) last posted its earnings results on Thursday, February 15th. The company reported C$0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.14 by C$0.01. The business had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$1.33 billion. Encana had a net margin of 34.15% and a return on equity of 17.15%.
In other news, Director Douglas James Suttles purchased 2,000 shares of Encana stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of C$13.51 per share, for a total transaction of C$27,020.00. Over the last 90 days, insiders acquired 6,000 shares of company stock worth $76,420.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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