Encana Corp (ECA) received a Buy rating and a $10 price target from AltaCorp Captial analyst Nick Lupick today. The company’s shares opened today at $6.28, close to its 52-week low of $5.
According to TipRanks.com, Lupick has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.3% and a 40.1% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Encana Corp with a $11.96 average price target, implying a 90.4% upside from current levels. In a report released today, BMO Capital also upgraded the stock to Buy with a $11 price target.
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The company has a one-year high of $14.31 and a one-year low of $5. Currently, Encana Corp has an average volume of 24.32M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ECA in relation to earlier this year.
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Encana Corp. engages in the production of natural gas, oil, and natural gas liquids. It operates through the following segments: Canadian Operations, USA Operations and Market Optimization.
