Encana Corp (TSE:ECA) to Post FY2017 Earnings of $0.60 Per Share, Cormark Forecasts
Encana Corp (TSE:ECA) (NYSE:ECA) – Equities researchers at Cormark lifted their FY2017 earnings estimates for Encana Corp in a research report issued to clients and investors on Monday. Cormark analyst A. Arif now forecasts that the company will earn $0.60 per share for the year, up from their previous forecast of $0.49. Cormark also issued estimates for Encana Corp’s FY2018 earnings at $0.88 EPS.
A number of other research analysts have also recently commented on ECA. Scotiabank restated an “underperform” rating and set a C$18.00 price target on shares of Encana Corp in a research note on Wednesday, May 3rd. TD Securities reissued a “hold” rating and issued a C$18.00 price target on shares of Encana Corp in a report on Wednesday, May 3rd. AltaCorp Capital reissued a “sector perform” rating on shares of Encana Corp in a report on Tuesday, May 2nd. Raymond James Financial, Inc. initiated coverage on shares of Encana Corp in a report on Wednesday, May 31st. They set an “outperform” rating and a C$20.00 target price for the company. Finally, Royal Bank Of Canada lifted their target price on shares of Encana Corp to C$16.25 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$16.35.
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Encana Corp (TSE:ECA) traded up 0.69% during trading on Wednesday, hitting $13.05. The stock had a trading volume of 1,196,910 shares. The company has a market cap of $12.70 billion and a PE ratio of 15.55. The stock has a 50-day moving average price of $11.77 and a 200-day moving average price of $14.52. Encana Corp has a 52 week low of $9.94 and a 52 week high of $18.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.46%.
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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