According to The Fly, enCana Corporation (ECA), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Chris Cox from Raymond James remains bullish on the stock.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Currently, the analyst consensus on EnCana Corporation is a Moderate Buy with an average price target of C$12.50.
The company has a one-year high of C$18.54 and a one-year low of C$8.11. Currently, EnCana Corporation has an average volume of 4.76M.
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 Thursday at C$8.26, close to its 52-week low of C$8.11.
