KLR Group Upgrades EnCana Corp. (ECA) to Buy

November 7, 2016 7:33 AM EST
Get Alerts ECA Hot Sheet
Price: $13.07 -0.23%

Rating Summary:
    16 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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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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