Equities research analysts expect that Encana Corp (NYSE:ECA) (TSE:ECA) will post sales of $798.21 million for the current quarter, Zacks reports. Four analysts have issued estimates for Encana Corp’s earnings. The lowest sales estimate is $705.99 million and the highest is $932.84 million. Encana Corp posted sales of $364 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 119.3%. The business is expected to announce its next earnings report on Thursday, July 20th.

According to Zacks, analysts expect that Encana Corp will report full year sales of $798.21 million for the current financial year, with estimates ranging from $3 billion to $4.1 billion. For the next financial year, analysts forecast that the company will post sales of $4.64 billion per share, with estimates ranging from $3.98 billion to $5.82 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Encana Corp.

Encana Corp (NYSE:ECA) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. Encana Corp had a positive return on equity of 1.79% and a negative net margin of 40.77%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $789.49 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share.

ECA has been the subject of several research reports. Vetr upgraded Encana Corp from a “sell” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Thursday, February 16th. Canaccord Genuity reiterated a “buy” rating and issued a $14.00 target price on shares of Encana Corp in a research report on Saturday, March 11th. JPMorgan Chase & Co. reiterated a “strong-buy” rating on shares of Encana Corp in a research report on Thursday, February 16th. Desjardins reiterated a “hold” rating and issued a $13.75 target price on shares of Encana Corp in a research report on Thursday, February 9th. Finally, Zacks Investment Research upgraded Encana Corp from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, February 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.83.

In other Encana Corp news, Director Clayton Harvey Woitas bought 14,400 shares of the business’s stock in a transaction on Friday, March 10th. The shares were purchased at an average price of $10.46 per share, with a total value of $150,624.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 28,700 shares of company stock worth $302,329 in the last ninety days. 0.26% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in ECA. Steadfast Capital Management LP increased its stake in shares of Encana Corp by 12.2% in the first quarter. Steadfast Capital Management LP now owns 19,974,573 shares of the oil and gas company’s stock valued at $233,902,000 after buying an additional 2,164,300 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Encana Corp by 3,113.0% in the first quarter. Tower Research Capital LLC TRC now owns 18,796 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 18,211 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Encana Corp by 4.1% in the first quarter. Bank of Nova Scotia now owns 7,211,643 shares of the oil and gas company’s stock valued at $84,492,000 after buying an additional 285,067 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Encana Corp by 145.8% in the first quarter. Point72 Asset Management L.P. now owns 3,014,900 shares of the oil and gas company’s stock valued at $35,304,000 after buying an additional 1,788,500 shares during the last quarter. Finally, 10 15 Associates Inc. increased its stake in shares of Encana Corp by 3.4% in the first quarter. 10 15 Associates Inc. now owns 31,100 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 1,025 shares during the last quarter. 64.57% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Encana Corp (NYSE:ECA) opened at 10.75 on Friday. Encana Corp has a 52 week low of $7.22 and a 52 week high of $13.85. The firm has a 50-day moving average price of $11.10 and a 200-day moving average price of $11.75. The stock’s market cap is $10.46 billion.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, June 13th. Encana Corp’s payout ratio is currently -3.97%.

Encana Corp Company Profile

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

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