Q3 2017 EPS Estimates for Encana Corp Decreased by Analyst (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA) – Equities research analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for shares of Encana Corp in a note issued to investors on Monday. Jefferies Group analyst Z. Parham now expects that the company will earn $0.10 per share for the quarter, down from their previous forecast of $0.11. Jefferies Group also issued estimates for Encana Corp’s FY2017 earnings at $0.65 EPS, Q4 2018 earnings at $0.29 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.33 EPS.
Other equities research analysts also recently issued reports about the company. TD Securities increased their price target on Encana Corp to C$15.50 and gave the stock a “buy” rating in a report on Monday, July 24th. AltaCorp Capital raised Encana Corp from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Encana Corp in a report on Wednesday, June 21st. Royal Bank Of Canada increased their price target on Encana Corp to C$16.25 and gave the stock an “outperform” rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. increased their price target on Encana Corp to C$19.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$16.35.
Encana Corp (TSE:ECA) opened at 14.23 on Wednesday. The stock has a market capitalization of $13.85 billion and a price-to-earnings ratio of 16.96. Encana Corp has a 52-week low of $10.54 and a 52-week high of $18.13. The firm’s 50-day moving average is $12.84 and its 200-day moving average is $13.22.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 14th.
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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