KLR Group Downgrades EnCana Corp. (ECA) to Accumulate

November 28, 2016 7:34 AM EST
Get Alerts ECA Hot Sheet
Price: $13.55 +3.59%

Rating Summary:
    16 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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KLR Group downgraded EnCana Corp. (NYSE: ECA) from Buy to Accumulate with a price target of $14.00.

Analyst John Gerdes commented, "We are downgrading ECA from Buy to Accumulate. Our target price of $14 per share is unchanged. Encana’s mid-cycle capital yield is ~100% versus the industry median cash recycle ratio of ~130%. ECA has appreciated ~20% since our early November upgrade and outperformed the group by ~10%. ECA now has less than 20% upside to our target price thus requiring a downgrade to Accumulate."

For an analyst ratings summary and ratings history on EnCana Corp. click here. For more ratings news on EnCana Corp. click here.

Shares of EnCana Corp. closed at $12.16 yesterday.

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