Encana (TSE:ECA) (NYSE:ECA) – Investment analysts at Jefferies Group lowered their Q1 2018 earnings per share estimates for shares of Encana in a research report issued on Monday. Jefferies Group analyst Z. Parham now expects that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.19. Jefferies Group also issued estimates for Encana’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.84 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $0.98 EPS.
Encana (TSE:ECA) (NYSE:ECA) last released its earnings results on Thursday, February 15th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.14 by C$0.01. The company had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$1.33 billion. Encana had a return on equity of 17.15% and a net margin of 34.15%.
A number of other research firms have also issued reports on ECA. AltaCorp Capital upgraded Encana from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Sanford C. Bernstein upped their price target on shares of Encana from C$19.89 to C$19.98 in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$16.83.
Shares of Encana (TSE ECA) opened at C$14.33 on Tuesday. The stock has a market capitalization of $13,740.00, a price-to-earnings ratio of 9.31 and a beta of 1.71. Encana has a 1-year low of C$10.54 and a 1-year high of C$17.94.
In related news, Director Douglas James Suttles purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of C$13.51 per share, with a total value of C$27,020.00. Insiders bought 5,000 shares of company stock worth $65,680 over the last ninety days.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 29th will be paid 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 is Wednesday, March 14th. Encana’s dividend payout ratio (DPR) is presently 3.90%.
Encana Company Profile
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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