KLR Group Upgrades EnCana Corp. (ECA) to Buy

November 7, 2016 7:33 AM EST
Get Alerts ECA Hot Sheet
Price: $12.69 -0.47%

Rating Summary:
    17 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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KLR Group upgraded EnCana Corp. (NYSE: ECA) from Hold to Buy with a price target of $14.00 (from $12.00).

Analyst John Gerdes commented, "We are upgrading ECA from Hold to Buy and increasing our target price $2 to $14 per share due to higher liquids price realizations and lower cash expense. Encana’s mid-cycle capital yield is ~100% versus the industry median cash recycle ratio of ~130%."

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 $9.80 yesterday.

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