Analysts Offer Insights on Materials Companies: Encana Corp (NYSE: ECA) and GeoPark (NASDAQ: GPRK)

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Encana Corp (NYSE: ECA) and GeoPark (NASDAQ: GPRK) with bullish sentiments.

Encana Corp (NYSE: ECA)

GMP FirstEnergy analyst Michael Dunn reiterated a Buy rating on Encana Corp (NYSE: ECA) on June 12 and set a price target of $13.25. The company’s shares closed yesterday at $9.72.

Dunn has an average return of 4.3% when recommending Encana Corp.

According to TipRanks.com, Dunn is ranked #4497 out of 4578 analysts.

Currently, the analyst consensus on Encana Corp is Moderate Buy and the average price target is $13.58, representing a 39.7% upside.

In a report issued on May 31, Raymond James also initiated coverage with a Buy rating on the stock with a $15 price target.
GeoPark (NASDAQ: GPRK)

GMP FirstEnergy analyst Darren Engels reiterated a Buy rating on GeoPark (NASDAQ: GPRK) on June 12 and set a price target of $10.50. The company’s shares closed yesterday at $8.35, close to its 52-week high of $9.

Engels has an average return of 66.7% when recommending GeoPark.

According to TipRanks.com, Engels is ranked #3706 out of 4578 analysts.

GeoPark has an analyst consensus of Moderate Buy, with a price target consensus of $11.25.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.