UBS Upgrades Encana Corporation (USA) to Buy

Brokerage firm UBS Upgrades its rating on Encana Corporation (USA)(ECA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at UBS was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, JP Morgan said it Initiates Coverage On Encana Corporation (USA), according to a research note issued on Feb 15, 2017. In the research note, the firm Announces the price-target to $16 per share. The shares have been rated ‘Overweight’ by the firm. On Jan 24, 2017, Macquarie said it Upgrades its rating on Encana Corporation (USA). The shares have been rated ‘Outperform’ by the firm.

Encana Corporation (USA) (ECA) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.94% at a volume of 79,73,513. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.68. The peak price level was also seen at $10.68 while the days lowest was $10.45. Finally the shares closed at $10.55. The 52-week high of the shares is $13.85 while the 52-week low is $5.36. According to the latest information available, the market cap of the company is $10,266 M.

Encana Corporation (USA)(ECA) last announced its earnings results on Feb 16, 2017 for Fiscal Year 2016 and Q4.Earnings per share were $0.09.

Encana Corporation is engaged in the business of the exploration development production and marketing of natural gas oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within Canada; USA Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments product type delivery points and customer diversification. Market Optimization sells all of the Company’s upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin and San Juan.

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