Encana Corp (TSE:ECA) (NYSE:ECA) – Stock analysts at Jefferies Financial Group decreased their Q4 2019 earnings estimates for Encana in a research report issued to clients and investors on Monday, April 22nd. Jefferies Financial Group analyst Z. Parham now anticipates that the company will earn $0.19 per share for the quarter, down from their prior estimate of $0.20.

Encana (TSE:ECA) (NYSE:ECA) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.25. The company had revenue of C$3.15 billion during the quarter, compared to analysts’ expectations of C$1.96 billion.

Several other analysts also recently weighed in on the company. National Bank Financial raised their target price on Encana from C$10.50 to C$11.00 in a research note on Monday, April 8th. AltaCorp Capital restated an “outperform” rating on shares of Encana in a research note on Monday, April 8th. Mizuho restated a “neutral” rating and set a C$10.50 target price on shares of Encana in a research note on Wednesday, January 30th. Macquarie upgraded Encana from a “neutral” rating to an “outperform” rating in a research note on Monday, March 4th. Finally, BMO Capital Markets upgraded Encana from a “market perform” rating to an “outperform” rating and lowered their target price for the company from C$12.00 to C$11.00 in a research note on Tuesday, January 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$12.25.

TSE:ECA opened at C$10.24 on Tuesday. The company has a debt-to-equity ratio of 60.33, a quick ratio of 1.05 and a current ratio of 1.33. Encana has a 12 month low of C$6.90 and a 12 month high of C$18.54. The stock has a market capitalization of $14.88 billion and a price-to-earnings ratio of 9.23.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were paid a dividend of $0.0187 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Encana’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.73%. Encana’s dividend payout ratio (DPR) is currently 5.41%.

About Encana

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast 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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Earnings History and Estimates for Encana (TSE:ECA)

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