Encana (ECA) Set to Announce Earnings on Thursday

Encana (TSE:ECA) (NYSE:ECA) is set to release its earnings data before the market opens on Thursday, February 15th. Analysts expect Encana to post earnings of C$0.14 per share for the quarter.

Encana (TSE:ECA) (NYSE:ECA) last issued its earnings results on Wednesday, November 8th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). Encana had a return on equity of 17.15% and a net margin of 34.15%. The company had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.04 billion.

Shares of Encana (TSE:ECA) opened at C$13.91 on Thursday. Encana has a 52 week low of C$10.54 and a 52 week high of C$17.94. The stock has a market capitalization of $13,700.00, a price-to-earnings ratio of 13.91 and a beta of 1.67.

A number of brokerages have issued reports on ECA. AltaCorp Capital downgraded Encana from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 15th. Raymond James Financial raised their target price on Encana to C$20.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 20th. Finally, Scotiabank raised their target price on Encana to C$16.25 and gave the stock a “sector perform” rating in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$16.20.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/08/encana-eca-set-to-announce-earnings-on-thursday-2.html.

About Encana

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 for Encana (TSE:ECA)

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.

Leave a Reply