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.

Several price targets were given for ECA by the analysts covering the stock. The most optimistic analyst gave a price target of 18, implying potential capital gains of 77.17 percent. The lowest price target was 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 7.14 percent. That number becomes -11.11 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 22.25 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 47.76 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 4 analysts decreased their estimates.

Analysts estimate earnings of ECA to grow at a rate of -66.09 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ECA is -0.14.

ECA has a 52-week high of 13.85 and a 52-week low of 7.59. Today's price is 33.86 percent above the 52-week low, 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 stock has a market capitalization of $12.56 billion. ECA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.