Encana Corporation (NYSE:ECA) traded at an unexpectedly low level on 06/16/2017 when the stock experienced a -0.23% loss to a closing price of $8.79. The company saw 10.2 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 11.28 million shares a day, this signifies a pretty significant change over the norm.

Encana Corporation (ECA) Analyst Gushes

Analysts are speculating a 93.4% move, based on the high target price ($17) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $13.1 price target, but the stock is already up 21.83% from its recent lows. However, the stock is trading at -36.53% versus recent highs ($13.85). Analysts believe that we could see stock price minimum in the $8 range (lowest target price), allowing for another -8.99% drop from its current position. Leading up to this report, we have seen a -18.84% fall in the stock price over the last 30 days and a -17.77% decline over the past 3 months. Overall, the share price is down -25.13% so far this year. Additionally, ECA had a day price range of $8.77 to $8.95.

Encana Corporation (ECA) Price Potential

Heading into the stock price potential, Encana Corporation needs to grow just 47.9% to cross its median price target of $13. Given that liquidity is king in short-term, ECA is a stock with 973.74 million shares outstanding that normally trades 2.18% of its float. The stock price recently experienced a 5-day loss of -6.39% with 0.44 average true range (ATR). ECA has a beta of 2.03 and RSI is 32.55.

Houston American Energy Corp. (NYSE:HUSA)’s Lead Over its Technicals

On the other hand, Houston American Energy Corp. by far traveled 312.5% versus a 1-year low price of $0.16. The share price was last seen 8.2% higher, reaching at $0.66 on Jun. 16, 2017. At recent session, the prices were hovering between $0.62 and $0.75. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $31.3M. The recent change has given its price a 53.67% lead over SMA 50 and -37.14% deficit over its 52-week high. The stock witnessed 69.23% gains, 112.9% gains and 224.96% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HUSA’s volatility during a week at 21.87% and during a month it has been found around 16.46%.

Houston American Energy Corp. (NYSE:HUSA) Intraday Metrics

Houston American Energy Corp. (HUSA) exchanged hands at an unexpectedly high level of 1.24 million shares over the course of the day. Noting its average daily volume at 0.6 million shares each day over the month, this signifies a pretty significant change over the norm.