Encana Corp (TSE:ECA) (NYSE:ECA) – Investment analysts at Jefferies Group cut their FY2017 earnings estimates for Encana Corp in a research report issued on Thursday. Jefferies Group analyst Z. Parham now expects that the company will post earnings per share of $0.55 for the year, down from their previous forecast of $0.61. Jefferies Group also issued estimates for Encana Corp’s Q4 2017 earnings at $0.15 EPS and Q1 2018 earnings at $0.18 EPS.
Several other brokerages have also recently commented on ECA. Raymond James Financial, Inc. boosted their price target on Encana Corp to C$19.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. Royal Bank of Canada boosted their price target on Encana Corp to C$16.25 and gave the company an “outperform” 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. Scotiabank boosted their price target on Encana Corp to C$16.25 and gave the company a “sector perform” rating in a research note on Friday, October 20th. Finally, TD Securities boosted their price target on Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$16.20.
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Shares of Encana Corp (ECA) opened at C$16.00 on Friday. Encana Corp has a 12 month low of C$10.54 and a 12 month high of C$18.13.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.019 dividend. This is a positive change from Encana Corp’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, December 14th. Encana Corp’s payout ratio is 5.94%.
About Encana Corp
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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