Today, an analyst has provided a rating update for the Materials sector company, EnCana Corporation (ECA). Randy Ollenberger, an analyst with BMO Capital, has upgraded their rating on ECA to Buy , with a C$11 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -2.5% and a 40.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
EnCana Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$12, implying a 40.5% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock.
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EnCana Corporation’s market cap is currently C$7.93B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.95.
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.
The company’s shares closed on Tuesday at C$8.53, close to its 52-week low of C$6.90.
