Currently, 26 analysts cover Encana (ECA). These recommendations include four “strong buy” recommendations, ten “buy” recommendations, nine “hold” recommendations, and three “sell” recommendations. There were no “strong sell” recommendations for the stock.
The median target price from Wall Street analyst recommendations is $15.00, which is ~15% higher than the January 27 closing price of $13.00. The mean target price for ECA from these recommendations is $14.95, which is slightly lower than the median target price.
How ECA’s recommendations have changed in the last one month
In the last one month, analysts’ “strong buy” recommendations for ECA have risen from three to four, “buy” ratings for the stock have fallen from 11 to ten, “hold” ratings have risen from seven to nine, and their “sell” ratings have fallen from four to three. The “strong sell” ratings have remained unchanged.
In the last one month, Encana’s median and mean target prices have risen. During this time, ECA’s median target price has risen from $14.00 to $15.00, whereas its mean target price has risen from $13.66 to $14.95.
Other oil and gas producers
Based on the mean price targets from Wall Street analysts, other oil and gas companies like Carrizo Oil & Gas (CRZO) and Gulfport Energy (GPOR) have potential upsides of ~29% and ~43%, respectively, from their January 27 closing prices. Denbury Resources (DNR) has a potential downside of ~10%.
The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.