According to The Fly, a Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Benny Wong from Morgan Stanley rated EnCana Corporation (ECA) a Hold.
According to TipRanks.com, Wong is ranked 0 out of 5 stars with an average return of -12.1% and a 27.6% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Valero Energy Corp, and Encana Corp.
EnCana Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$12.50, a 31.6% upside from current levels. In a report issued on November 5, Wolfe Research also downgraded the stock to Hold.
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EnCana Corporation’s market cap is currently C$9.57B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.14.
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$9.50.
