Cormark Weighs in on Encana Corp’s Q4 2017 Earnings (ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Cormark lowered their Q4 2017 earnings estimates for shares of Encana Corp in a report released on Thursday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.16. Cormark also issued estimates for Encana Corp’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS, FY2019 earnings at $1.31 EPS, FY2020 earnings at $1.63 EPS and FY2021 earnings at $2.10 EPS.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/22/cormark-weighs-in-on-encana-corps-q4-2017-earnings-eca.html.

ECA has been the subject of several other research reports. TD Securities lifted their price objective on shares of Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. Scotiabank lifted their price objective on shares of Encana Corp to C$16.25 and gave the company a “sector perform” rating in a research note on Friday. Raymond James Financial, Inc. lifted their price objective on shares of Encana Corp to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday. AltaCorp Capital raised shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$16.20.

Shares of Encana Corp (TSE:ECA) opened at 14.34 on Friday. The company has a 50-day moving average price of $13.52 and a 200 day moving average price of $13.20. 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 $13.95 billion and a P/E 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 mar

Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Cormark lowered their Q4 2017 earnings estimates for shares of Encana Corp in a report released on Thursday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.16. Cormark also issued estimates for Encana Corp’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS, FY2019 earnings at $1.31 EPS, FY2020 earnings at $1.63 EPS and FY2021 earnings at $2.10 EPS.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/22/cormark-weighs-in-on-encana-corps-q4-2017-earnings-eca.html.

ECA has been the subject of several other research reports. TD Securities lifted their price objective on shares of Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. Scotiabank lifted their price objective on shares of Encana Corp to C$16.25 and gave the company a “sector perform” rating in a research note on Friday. Raymond James Financial, Inc. lifted their price objective on shares of Encana Corp to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday. AltaCorp Capital raised shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$16.20.

Shares of Encana Corp (TSE:ECA) opened at 14.34 on Friday. The company has a 50-day moving average price of $13.52 and a 200 day moving average price of $13.20. 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 $13.95 billion and a P/E 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.

Earnings History and Estimates for Encana Corp (TSE:ECA)

Receive News & Ratings for Encana Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply