Analysts at Global Hunter Securities began coverage on shares of EnCana (TSE:ECA) in a research report issued to clients and investors on Wednesday,Analyst Ratings.Net reports. The firm set an “accumulate” rating and a C$24.00 price target on the stock. Global Hunter Securities’ price objective indicates a potential upside of 33.48% from the stock’s previous close.
Shares of EnCana (TSE:ECA) traded up 0.89% during mid-day trading on Wednesday, hitting $18.14. EnCana has a one year low of $17.40 and a one year high of $23.86. The stock’s 50-day moving average is currently $17.. The company’s market cap is $13.386 billion.
A number of other analysts have also recently weighed in on ECA. Analysts at Scotiabank reiterated a “sector perform” rating on shares of EnCana in a research note to investors on Friday, July 26th. They now have a C$23.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of EnCana in a research note to investors on Friday, July 26th. They now have a C$22.00 price target on the stock. Finally, analysts at National Bank Financial cut their price target on shares of EnCana from C$22.00 to C$21.00 in a research note to investors on Thursday, July 25th. They now have a “sector perform” rating on the stock.
Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$22.65.
Encana Corporation (TSE:ECA) is a North American energy producer.