Encana Corp to Post Q4 2019 Earnings of $0.19 Per Share, Jefferies Financial Group Forecasts (ECA)
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.
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%.
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.
Featured Story: What is Depreciation?
Receive News & Ratings for Encana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana and related companies with MarketBeat.com's FREE daily email newsletter.