EnCana (ECA) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
EnCana (NYSE:ECA) posted its quarterly earnings results on Wednesday. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.11, Analyst Ratings Network.com reports. During the same quarter in the prior year, the company posted $0.40 earnings per share.
EnCana (NYSE:ECA) opened at 18.98 on Wednesday. EnCana has a 1-year low of $16.48 and a 1-year high of $20.55. The stock has a 50-day moving average of $18.01 and a 200-day moving average of $17.95. The company has a market cap of $14.012 billion and a price-to-earnings ratio of 57.84.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 12th.
ECA has been the subject of a number of recent research reports. Analysts at Cormark upgraded shares of EnCana to a “buy” rating in a research note on Monday, January 6th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of EnCana in a research note on Monday, December 9th. They now have a $20.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of EnCana from $23.00 to $24.00 in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.68.
EnCana Corporation (NYSE:ECA) is a natural gas producing company.
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