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NEW YORK (TheStreet) -- Encana's (ECA) - Get Encana Corporation Report stock rating was raised to "overweight" from "equal weight" at Barclays on Tuesday.

The firm also increased its price target to $14 from $10 on shares of the Calgary-based energy producer.

"Encana's asset quality and execution has improved sharply since a new CEO announced major changes three years ago. The improvements have enabled ECA to target liquids growth of 15-20%/year within cash flow (after '17) at $55 per barrel," Barclays wrote in an analyst note earlier today.

The stock also trades at a 25% discount to peers, according to the firm.

"ECA showed that it has the lowest normalized drilling costs per foot and the fourth best wells among 19 peers as judged by 180-day IP rates (for both oil and BOE)," Barclays added.

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The company also provided data indicating it had top-tier well costs and production performance in each of its other three core basins, the firm said.

Shares of Encana closed slightly down today as oil prices were lower.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: ECA

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