Currently, 27 analysts provide recommendations on Encana (ECA). These recommendations include four “Strong Buy,” 11 “Buy,” nine “Hold,” and three “Sell” recommendations. There are no “Strong Sell” recommendations on the stock.
The median target price from the above-mentioned Wall Street analyst recommendations is $15.00, which is ~21% higher than the February 17, 2017, closing price of $12.35.
The mean target price for ECA from these recommendations is $14.99, which is almost the same as the median target price.
How ECA’s recommendations have changed since 4Q16 earnings
Since 4Q16 earnings on February 16, all ECA recommendations remain unchanged. Encana’s median target price remains unchanged, whereas its mean target price has fallen from $15.03 to $14.99.
Other oil and gas producers
Based on the mean price targets of recommendations from Wall Street analysts, Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Denbury Resources (DNR) have potential upsides of ~42%, ~60%, and ~5%, respectively, from their February 17 closing prices. 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.