Analyst Ratings for Encana Corp. (ECA)

Updated: 2017-07-29

An average rating of Overweight has been given to Encana Corp. (NYSE:ECA) by analysts covering the stock. A consensus rating of Overweight was previously issued for ECA last month.

19 analysts declared ECA a buy, 1 gave an overweight rating, 8 issued a hold rating, 0 issued an underweight rating, and 2 issued a sell rating. Today, there are 5 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for ECA. The most optimistic analyst gave a price target of 18, implying potential capital gains of 77.17 percent. The most pessimistic analyst gave a price target of 8, which equates to a potential downside of -21.26 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 7.14 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.11 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 22.25 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 47.76 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, while 3 analysts revised their estimates downwards. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.

Analysts estimate earnings of ECA to grow at a rate of -66.09 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. ECA has a PEG ratio of -0.14.

ECA has traded between a high of 13.85 and a low of 7.59 over the past year. The current market price is above the trailing year's low by 33.86 percent, and below the high by 26.64 percent. ECA has a price/earnings ratio of 8.95. Investors typically compare the P/E ratio to a company's peers in the industry. The ECA value stock report compares ECA to some of its peers using value stock charts. The market cap of ECA is $12.56 billion. ECA will post this quarters earnings in days, on 0000-00-00.