Encana Corporation (NYSE:ECA) (TSE:ECA) – Research analysts at Jefferies Group raised their FY2017 earnings estimates for Encana Corporation in a report released on Monday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas company will post earnings of $0.60 per share for the year, up from their previous forecast of $0.43. Jefferies Group has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Encana Corporation’s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.27 EPS and FY2018 earnings at $1.05 EPS.

ECA has been the topic of several other reports. Citigroup Inc. dropped their target price on Encana Corporation from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Desjardins set a $13.00 target price on Encana Corporation and gave the stock a “hold” rating in a research report on Thursday, April 20th. Raymond James Financial, Inc. upped their target price on Encana Corporation from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Macquarie lowered Encana Corporation from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 21st. Finally, TD Securities upped their target price on Encana Corporation from $11.50 to $12.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $13.32.

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Encana Corporation (ECA) opened at 9.19 on Thursday. The stock has a 50 day moving average price of $9.46 and a 200 day moving average price of $10.55. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 10.95 and a beta of 2.04. Encana Corporation has a 1-year low of $8.01 and a 1-year high of $13.85.

Encana Corporation (NYSE:ECA) (TSE:ECA) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.15. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $773.19 million. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. During the same period in the previous year, the company posted $0.10 EPS.

Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Encana Corporation by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after buying an additional 124 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Encana Corporation by 0.6% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company’s stock worth $277,000 after buying an additional 133 shares during the last quarter. Howard Hughes Medical Institute boosted its position in shares of Encana Corporation by 0.3% in the first quarter. Howard Hughes Medical Institute now owns 144,220 shares of the oil and gas company’s stock worth $1,689,000 after buying an additional 389 shares during the last quarter. Sentinel Trust Co. LBA boosted its position in shares of Encana Corporation by 0.3% in the second quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after buying an additional 490 shares during the last quarter. Finally, Equity Investment Corp Acquisition Inc boosted its position in shares of Encana Corporation by 5.4% in the second quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after buying an additional 666 shares during the last quarter. 73.08% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued 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 dividend yield of 0.65%. Encana Corporation’s payout ratio is presently 6.98%.

Encana Corporation 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.

Earnings History and Estimates for Encana Corporation (NYSE:ECA)

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