Encana Co. (TSE:ECA) (NYSE:ECA) – Stock analysts at Jefferies Group reduced their FY2017 earnings estimates for Encana in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst Z. Parham now forecasts that the company will earn $0.55 per share for the year, down from their previous estimate of $0.61. Jefferies Group also issued estimates for Encana’s Q4 2017 earnings at $0.15 EPS and Q1 2018 earnings at $0.18 EPS.
ECA has been the topic of several other reports. TD Securities raised their price target on shares of Encana to C$15.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. Scotiabank raised their price objective on shares of Encana to C$16.25 and gave the stock a “sector perform” rating in a report on Friday, October 20th. AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. Raymond James Financial, Inc. raised their price objective on shares of Encana to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Encana to C$16.25 and gave the company an “outperform” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Encana presently has a consensus rating of “Buy” and a consensus price target of C$16.20.
Shares of Encana (TSE:ECA) opened at C$14.86 on Friday. Encana has a 12-month low of C$10.54 and a 12-month high of C$18.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio (DPR) is presently 5.88%.
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.
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