Taylor Asset Management INC Stake In Encana Corp (ECA) Was Increased

June 29, 2018 - By Lindsey Price

Encana Corporation (NYSE:ECA) Corporate Logo

Taylor Asset Management Inc increased its holdings by 14.65% in Encana Corp (ECA), according to 2018Q1 Securities and Exchange filling. 305,300 shares were bought by Taylor Asset Management Inc as the company’s stock rose 13.77% while stock markets declined. At the end of 2018Q1, the hedge fund held 2.39M shares of the oil & gas production company, valued at $29.76 million, up from 2.08M at the end of the previous reported quarter. Taylor Asset Management Inc has cut its stake in Citigroup Inc (NYSE:C) and also reduced its holding in Toronto Dominion Bk Ont (NYSE:TD) by 62,400 shares in the quarter, for a total of 325,500 shares.

There’s an important Encana Corporation (NYSE:ECA) news published by Seekingalpha.com. It’s an article titled: “Encana: A 10-Year Transformation Taking Shape” on June 18, 2018.

Encana Corporation (NYSE:ECA) Ratings Coverage

Total analysts of 13 have positions in Encana Corp (NYSE:ECA) as follows: 12 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 92%. Since January 8, 2018 according to StockzIntelligence Inc Encana Corp has 19 analyst reports. On Monday, January 15 the stock has “Hold” rating by Altacorp. The company rating was upgraded by Morgan Stanley on Wednesday, January 24. In Tuesday, February 6 report Altacorp upgraded it to “Buy” rating and $14.5 target. On Friday, February 16 the stock has “Buy” rating by Scotia Capital. On Thursday, May 10 the rating was downgraded by Tudor Pickering to “Hold”. On Monday, January 8 Canaccord Genuity maintained Encana Corporation (NYSE:ECA) rating. Canaccord Genuity has “Buy” rating and $16.0 target. On Monday, April 16 the company was maintained by Morgan Stanley. On Monday, March 12 the stock of Encana Corporation (NYSE:ECA) earned “Buy” rating by BMO Capital Markets. On Thursday, January 11 the rating was maintained by BMO Capital Markets with “Buy”. On Wednesday, March 7 the firm has “Outperform” rating given by Evercore.

Encana Corporation (NYSE:ECA) Analyst Ratings Chart

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