Encana Corp (ECA) Expected to Earn Q3 2017 Earnings of $0.09 Per Share
Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Cormark increased their Q3 2017 earnings per share estimates for shares of Encana Corp in a research report issued to clients and investors on Thursday. Cormark analyst A. Arif now expects that the company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.08. Cormark also issued estimates for Encana Corp’s Q3 2018 earnings at $0.21 EPS.
ECA has been the subject of a number of other reports. TD Securities lifted their price target on shares of Encana Corp to C$15.50 and gave the stock a “buy” rating in a research note on Monday, July 24th. Scotiabank boosted their price objective on shares of Encana Corp to C$16.25 and gave the company a “sector perform” rating in a research report on Friday. Raymond James Financial, Inc. upped their price target on shares of Encana Corp to C$20.00 and gave the stock a “strong-buy” rating in a research report on Friday. AltaCorp Capital raised shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada upped their price target on shares of Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$16.20.
Shares of Encana Corp (TSE ECA) opened at 14.34 on Monday. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $13.20. Encana Corp has a 52-week low of $10.54 and a 52-week high of $18.13. The stock has a market capitalization of $13.95 billion and a price-to-earnings ratio of 17.09.
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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