KLR Group Starts EnCana Corp. (ECA) at Hold

August 29, 2016 7:22 AM EDT
Get Alerts ECA Hot Sheet
Price: $10.38 -3.89%

Rating Summary:
    15 Buy, 15 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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KLR Group initiates coverage on EnCana Corp. (NYSE: ECA) with a Hold rating and a price target of $10.00.

Analyst John Gerdes commented, "We are initiating coverage of ECA with a Hold rating and $10 per share target price. Encana’s mid-cycle (’18) capital yield is 85%-90% versus the industry median cash recycle ratio of ~130%. ECA trades at a ~25% premium to the group on ’17 EBITDA though has ~10% per annum less production growth (’16-’18). Our ’16 production expectation of ~352 Mboepd is slightly above the midpoint of company guidance (340-360 Mboepd)."

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 $9.92 yesterday.

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