Taylor Asset Management INC Increased Its Encana Corp (ECA) Stake as Shares Rose

June 29, 2018 - By Nellie Deboer

Encana Corporation (NYSE:ECA) Corporate Logo

Based on the latest 2018Q1 regulatory filing with the SEC, Taylor Asset Management Inc upped its holdings in Encana Corp (ECA) by 14.65%. By buying 305,300 shares Taylor Asset Management Inc made the stock popped up with 13.77%. At the end of 2018Q1, the 2.39 million shares of the oil & gas production company held by the hedge fund were priced at $29.76 million, up from 2.08M at the end of the previous reported quarter. For a total of 325,500 shares it reduced its holding in Toronto Dominion Bk Ont (NYSE:TD) by 62,400 shares in the quarter, and has cut its stake in Citigroup Inc (NYSE:C).

There’s an important Encana Corporation (NYSE:ECA) news announced by Seekingalpha.com. It’s an item 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”. 92% are bullish. 19 are the (NYSE:ECA)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. In Tuesday, January 16 report RBC Capital Markets maintained the stock with “Buy” rating. On Friday, January 12 Desjardins Securities upgraded the shares of ECA in report to “Buy” rating. On Monday, January 15 the firm has “Hold” rating given by Altacorp. On Wednesday, March 7 Evercore upgraded Encana Corporation (NYSE:ECA) to “Outperform” rating. On Tuesday, January 30 the stock has “Buy” rating by Jefferies. On Monday, March 19 Jefferies maintained Encana Corporation (NYSE:ECA) rating. Jefferies has “Buy” rating and $16.0 target. On Thursday, May 10 the company was downgraded by Tudor Pickering. On Monday, March 12 the firm has “Buy” rating given by BMO Capital Markets. On Monday, January 8 the firm earned “Buy” rating by Canaccord Genuity. On Thursday, January 11 the rating was maintained by BMO Capital Markets with “Buy”.

Encana Corporation (NYSE:ECA) Analyst Ratings Chart

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