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What Are Wall Street Analysts Saying about Encana?

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Recommendations

Currently, 26 analysts provide recommendations on Encana (ECA)—four “strong buy,” ten “buy,” nine “hold,” and three “sell” recommendations. There is no “strong sell” recommendation for the stock.

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Target price

The median target price from these Wall Street analyst recommendations is $15.00, which is ~20% higher than the February 3, 2017, closing price of $12.54.

The mean target price for ECA from these recommendations is $15.03, which is higher than the median target price.

How have ECA’s recommendations changed in the last week?

In the last week, all ECA recommendations have remained unchanged. In the last week, Encana’s median target price remained unchanged, but its mean target price has increased from $14.95 to $15.03.

Other oil and gas producers

Based on the mean price targets of recommendations from Wall Street analysts, oil and gas companies Carrizo Oil & Gas (CRZO) and Gulfport Energy (GPOR) have potential upsides of ~33% and ~49%, respectively, from their February 3 closing prices. Denbury Resources (DNR) has a potential downside of ~6%.

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. The Energy Select Sector SPDR ETF (XLE) typically invests at least 95% of its total assets in oil and gas companies.

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