Encana (NYSE:ECA) (TSE:ECA) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Encana to post earnings of $0.10 per share for the quarter.

Encana (NYSE:ECA) (TSE:ECA) last released its quarterly earnings results on Thursday, February 28th. The oil and gas company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.18. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $1.50 billion. Encana had a net margin of 18.00% and a return on equity of 12.08%. On average, analysts expect Encana to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ECA stock opened at $7.49 on Tuesday. The firm has a market cap of $6.89 billion, a P/E ratio of 8.71, a PEG ratio of 0.59 and a beta of 2.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.50. Encana has a one year low of $5.00 and a one year high of $14.28.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio (DPR) is currently 9.30%.

Several research firms recently commented on ECA. Goldman Sachs Group lowered shares of Encana to a “buy” rating in a research report on Friday, April 12th. AltaCorp Capital restated an “outperform” rating on shares of Encana in a research report on Monday, April 8th. Barclays began coverage on shares of Encana in a research report on Wednesday, April 3rd. They set an “overweight” rating and a $11.00 price target on the stock. Citigroup restated a “buy” rating and set a $13.00 price target on shares of Encana in a research report on Monday, March 18th. Finally, TheStreet upgraded shares of Encana from a “d+” rating to a “c+” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Encana presently has a consensus rating of “Buy” and a consensus price target of $11.78.

In other Encana news, Director Suzanne P. Nimocks purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $6.65 per share, with a total value of $66,500.00. Following the completion of the purchase, the director now owns 25,600 shares in the company, valued at approximately $170,240. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael Gerard Mcallister purchased 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $6.97 per share, for a total transaction of $36,244.00. Following the completion of the purchase, the chief operating officer now owns 36,377 shares of the company’s stock, valued at approximately $253,547.69. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

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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 for Encana (NYSE:ECA)

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