Q4 2017 EPS Estimates for Encana Corp Decreased by Analyst (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA) – Investment analysts at Cormark cut their Q4 2017 earnings per share estimates for shares of Encana Corp in a research note issued on Monday. Cormark analyst A. Arif now expects that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.23.
A number of other equities research analysts have also recently issued reports on ECA. GMP Securities cut Encana Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Scotiabank reiterated an “underperform” rating and set a C$15.00 price target on shares of Encana Corp in a report on Thursday, April 20th. TD Securities reiterated a “hold” rating and set a C$18.00 price target on shares of Encana Corp in a report on Wednesday, May 3rd. AltaCorp Capital reiterated a “sector perform” rating on shares of Encana Corp in a report on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. initiated coverage on Encana Corp in a report on Wednesday, May 31st. They set an “outperform” rating and a C$20.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$17.20.
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Encana Corp (TSE:ECA) traded up 0.99% during mid-day trading on Wednesday, hitting $11.25. 1,904,209 shares of the stock were exchanged. The stock’s market cap is $10.95 billion. Encana Corp has a 52 week low of $9.46 and a 52 week high of $18.13. The company has a 50 day moving average price of $13.82 and a 200 day moving average price of $15.34.
About Encana Corp
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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