本帖最后由 George25 于 2012-1-13 21:58 编辑
EnCana (ECA) Downgraded by UBS AG (UBS)
Posted by LUSA Staff on Jan 13th, 2012 //
EnCana (NYSE: ECA) was downgraded by investment analysts at UBS AG (NYSE: UBS) from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.
Separately, analysts at Bank of America (NYSE: BAC) downgraded shares of EnCana from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. Analysts at ISI Group upgraded shares of EnCana from a “sell” rating to a “buy” rating in a research note to investors on Monday. Also, analysts at BMO Capital Markets downgraded shares of EnCana from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 6th. They now have a $20.00 price target on the stock, down previously from $22.00.
EnCana Corporation (EnCana) is a natural gas company. The Company operates in two operating divisions: Canadian Division, formerly the Canadian Foothills Division, which includes natural gas development and production assets located in British Columbia and Alberta, and the Deep Panuke natural gas project offshore Nova Scotia and USA Division, which includes the natural gas development and production assets located in the United States. EnCana's operations are focused on exploiting North American long-life unconventional natural gas formations, including tight gas, shales and Coal Bed Methane (CBM). EnCana's operations are primarily located in Canada and the United States. On November 30, 2009, EnCana completed a corporate reorganization to split into two independent publicly traded energy companies: EnCana Corporation, a natural gas company, and Cenovus Energy Inc., an integrated oil company.
Shares of EnCana traded down 1.73% during mid-day trading on Friday, hitting $17.59. EnCana has a 52 week low of $17.64 and a 52 week high of $35.22. The stock’s 50-day moving average is $18.85 and its 200-day moving average is $22.80. The company has a market cap of $12.951 billion and a price-to-earnings ratio of 50.56.
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