According to The Fly, in a new note to investors on December 13, an analyst has provided a rating update for EnCana Corporation (ECA). The company received a Buy on December 13 from Jefferies’ analyst Mark Lear.
According to TipRanks.com, Lear has 0 stars on 0-5 star ranking scale with an average return of -12.2% and a 27.5% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EnCana Corporation with a C$12.50 average price target, a 60.7% upside from current levels. In a report issued on December 12, Raymond James also reiterated a Buy rating on the stock.
.
Based on EnCana Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$50.97 million. In comparison, last year the company had a net profit of C$368 million.
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 Friday at C$7.78, close to its 52-week low of C$7.74.
