Encana Co. (TSE:ECA) (NYSE:ECA) – Stock analysts at Jefferies Group decreased their Q2 2018 earnings estimates for shares of Encana in a research report issued to clients and investors on Thursday. Jefferies Group analyst Z. Parham now forecasts that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.21. Jefferies Group also issued estimates for Encana’s Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.35 EPS.
Several other research firms also recently weighed in on ECA. Scotiabank lifted their price target on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research note on Friday, October 20th. Raymond James Financial, Inc. lifted their price target on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday, October 20th. TD Securities lifted their price target on shares of Encana to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. 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 research note on Monday, July 24th. Finally, AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. Two investment 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$16.20.
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Encana (TSE:ECA) traded down C$0.40 during trading on Monday, hitting C$15.60. 2,997,849 shares of the stock traded hands, compared to its average volume of 4,572,479. Encana has a 1 year low of C$10.54 and a 1 year high of C$18.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.019 dividend. This is an increase from Encana’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.49%. Encana’s payout ratio is 5.94%.
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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