NEW YORK ( TheStreet) -- EnCana Corporation (NYSE: ECA) is trading at unusually high volume Thursday with 14 million shares changing hands. It is currently at four times its average daily volume and trading up $2 (+6.5%) at $32.83 as of 2:06 p.m. ET. EnCana has a market cap of $23.1 billion and is part of the basic materials sector and energy industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.

EnCana Corporation engages in the exploration for, development, production, sale, and marketing of natural gas, crude oil, and natural gas liquids primarily in Canada and the United States. The company has a P/E ratio of 10.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates EnCana as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full EnCana Ratings Report.