*Taylor Asset Management INC Maintains Stake in Encana Corp (ECA)

June 29, 2018 - By Rhonda Roth

Encana Corporation (NYSE:ECA) Corporate Logo

Based on the latest 2018Q1 regulatory filing with the SEC, Taylor Asset Management Inc rose its stake in Encana Corp (ECA) by 14.65%. The company’s stock rose 13.77% while stock markets declined as Taylor Asset Management Inc bought 305,300 shares. The oil & gas production company at the end of 2018Q1 was priced at $29.76 million. It’s up from 2.08M at the end of the previous reported quarter. Now it had 2.39M shares held by the hedge fund . Taylor Asset Management Inc has cut its stake in Toronto Dominion Bk Ont (NYSE:TD) and also reduced its holding in Citigroup Inc (NYSE:C) by 132,200 shares in the quarter, for a total of 124,700 shares.

There’s a significant Encana Corporation (NYSE:ECA) news released by Seekingalpha.com. It’s a report titled: “Encana: A 10-Year Transformation Taking Shape” on June 18, 2018.

Encana Corporation (NYSE:ECA) Ratings Coverage

In total 13 analysts cover Encana Corp (NYSE:ECA). “Buy” rating has 12, “Sell” are 0, while 1 are “Hold”. (NYSE:ECA) has 92% bullish analysts. 19 are the (NYSE:ECA)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. In Thursday, January 11 report BMO Capital Markets maintained it with “Buy” rating and $17.0 target. On Monday, January 8 the stock has “Buy” rating by Canaccord Genuity. On Wednesday, May 23 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, January 24 Morgan Stanley upgraded Encana Corporation (NYSE:ECA) to “Overweight” rating. On Friday, January 12 the firm has “Buy” rating given by Desjardins Securities. On Tuesday, February 6 Altacorp upgraded Encana Corporation (NYSE:ECA) rating. Altacorp has “Buy” rating and $14.5 target. On Friday, February 16 Scotia Capital upgraded Encana Corporation (NYSE:ECA) to “Buy” rating. The stock rating was maintained by Jefferies with “Buy” on Tuesday, January 30. On Friday, January 26 GMP Securities maintained Encana Corporation (NYSE:ECA) rating. GMP Securities has “Buy” rating and $16.0 target. On Wednesday, March 7 the stock has “Outperform” rating by Evercore.

Encana Corporation (NYSE:ECA) Analyst Ratings Chart

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