FY2017 EPS Estimates for Encana Corp (ECA) Raised by Jefferies Group
Encana Corp (TSE:ECA) (NYSE:ECA) – Stock analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for Encana in a research note issued to investors on Wednesday. Jefferies Group analyst Z. Parham now anticipates that the company will post earnings per share of $0.58 for the year, up from their previous estimate of $0.55. Jefferies Group also issued estimates for Encana’s Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $1.10 EPS.
Other equities analysts have also recently issued research reports about the company. Scotiabank upped their price target on Encana to C$16.25 and gave the stock a “sector perform” rating in a report on Friday, October 20th. Raymond James Financial upped their price target on Encana to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$16.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.019 per share. This is a positive change from Encana’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, December 14th. Encana’s payout ratio is 5.94%.
WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/25/fy2017-eps-estimates-for-encana-corp-eca-raised-by-jefferies-group.html.
Encana 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.
Receive News & Ratings for Encana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana and related companies with MarketBeat.com's FREE daily email newsletter.