Encana Corp (TSE:ECA) (NYSE:ECA) – Stock analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for Encana Corp in a report issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the company will post earnings of $0.10 per share for the quarter, down from their prior estimate 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 analysts also recently issued reports about the company. TD Securities increased their target price on Encana Corp to C$15.50 and gave the stock a “buy” rating in a research note on Monday, July 24th. AltaCorp Capital raised Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. BMO Capital Markets reissued an “outperform” rating and set a C$13.00 target price on shares of Encana Corp in a research note on Wednesday, June 21st. Royal Bank Of Canada increased their target price on Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. increased their target price on Encana Corp to C$19.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$16.35.
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Shares of Encana Corp (ECA) opened at 14.35 on Wednesday. The firm has a 50-day moving average price of $12.93 and a 200 day moving average price of $13.23. Encana Corp has a one year low of $10.54 and a one year high of $18.13. The firm has a market capitalization of $13.96 billion and a price-to-earnings ratio of 17.10.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend 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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