The stock of Encana Corporation (NYSE:ECA) registered a decrease of 11.12% in short interest. ECA’s total short interest was 39.33 million shares in December as published by FINRA. Its down 11.12% from 44.26 million shares, reported previously. With 23.78 million shares average volume, it will take short sellers 2 days to cover their ECA’s short positions.
The stock increased 5.45% or $0.21 during the last trading session, reaching $4.06. About 22.47 million shares traded or 2.25% up from the average. Encana Corporation (NYSE:ECA) has declined 66.12% since December 4, 2018 and is downtrending. It has underperformed by 66.12% the S&P500.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company has market cap of $5.28 billion. The firm owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia. It has a 3.92 P/E ratio. It also holds interests in assets that comprise the Eagle Ford in south Texas; Permian in west Texas; San Juan in northwest New Mexico; Piceance in northwest Colorado; and Tuscaloosa Marine Shale in east Louisiana and west Mississippi.
Encana Corporation (NYSE:ECA) Ratings Coverage
Among 7 analysts covering Encana Corporation (NYSE:ECA), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. Encana Corporation has $900 highest and $400 lowest target. $5.82’s average target is 43.35% above currents $4.06 stock price. Encana Corporation had 11 analyst reports since July 12, 2019 according to SRatingsIntel. Wolfe Research downgraded the stock to “Sell” rating in Tuesday, October 15 report. The stock of Encana Corporation (NYSE:ECA) earned “Hold” rating by IBC on Friday, October 11. Morgan Stanley maintained Encana Corporation (NYSE:ECA) on Friday, July 12 with “Equal-Weight” rating. The rating was maintained by SunTrust with “Hold” on Monday, November 4. The rating was downgraded by Raymond James on Friday, October 25 to “Hold”. Raymond James maintained Encana Corporation (NYSE:ECA) rating on Friday, November 1. Raymond James has “Hold” rating and $5 target. Citigroup maintained Encana Corporation (NYSE:ECA) on Monday, September 23 with “Buy” rating. The company was downgraded on Thursday, October 31 by IBC.
More notable recent Encana Corporation (NYSE:ECA) news were published by: Bizjournals.com which released: “South Texas Drilling Permit Roundup: Canadian company leads during slow holiday week – San Antonio Business Journal” on December 03, 2019, also Seekingalpha.com with their article: “Encana picks Denver for new HQ in relocation to U.S. – Seeking Alpha” published on November 07, 2019, Seekingalpha.com published: “Encana shareholder to vote against move out of Canada – Seeking Alpha” on November 19, 2019. More interesting news about Encana Corporation (NYSE:ECA) were released by: Finance.Yahoo.com and their article: “ECA Marcellus Trust I Announces Receipt of Notice from NYSE Regarding Continued Listing Standards – Yahoo Finance” published on November 25, 2019 as well as Finance.Yahoo.com‘s news article titled: “Were Hedge Funds Right About Dumping EnCana Corporation (ECA)? – Yahoo Finance” with publication date: October 23, 2019.
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