Encana Corp (TSE:ECA) (NYSE:ECA) – Investment analysts at Jefferies Group raised their FY2017 earnings estimates for Encana in a research report issued to clients and investors on Wednesday. Jefferies Group analyst Z. Parham now expects that the company will earn $0.58 per share for the year, up from their prior estimate of $0.55. Jefferies Group also issued estimates for Encana’s Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $1.10 EPS.

Other analysts also recently issued research reports about the stock. Scotiabank raised their price target on shares of Encana to C$16.25 and gave the stock a “sector perform” rating in a report on Friday, October 20th. Raymond James Financial raised their price target on shares of Encana to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$16.20.

Shares of Encana (TSE ECA) opened at C$16.04 on Monday. The company has a market cap of $15,610.00, a PE ratio of 15.88 and a beta of 1.78. Encana has a 1-year low of C$10.54 and a 1-year high of C$18.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio (DPR) is currently 5.94%.

ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Encana Corp (ECA) Raised by Analyst” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/fy2017-eps-estimates-for-encana-corp-eca-raised-by-analyst/1784194.html.

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.

Earnings History and Estimates for Encana (TSE:ECA)

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 Analyst Ratings Network's FREE daily email newsletter.