Encana Corp (NYSE:ECA) (TSE:ECA) – Research analysts at Jefferies Group cut their Q1 2018 earnings per share (EPS) estimates for shares of Encana in a research report issued to clients and investors on Monday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. Jefferies Group has a “Buy” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Encana’s Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.75 EPS.

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Encana (NYSE:ECA) (TSE:ECA) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Encana had a return on equity of 6.25% and a net margin of 18.58%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.06 billion.

A number of other research analysts have also commented on the company. Morgan Stanley upgraded Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $15.00 to $18.00 in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on Encana from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Zacks Investment Research cut Encana from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. National Bank Financial boosted their price objective on Encana from $14.50 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Desjardins upgraded Encana from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Encana presently has an average rating of “Buy” and an average price target of $15.33.

Encana (ECA) opened at $12.17 on Tuesday. Encana has a 1-year low of $8.01 and a 1-year high of $14.31. The company has a market capitalization of $10,879.52, a P/E ratio of 26.00, a PEG ratio of 1.53 and a beta of 2.13. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, March 14th. Encana’s dividend payout ratio (DPR) is 7.14%.

Encana announced that its Board of Directors has approved a stock repurchase program on Thursday, February 15th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other Encana news, Director Suzanne P. Nimocks bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average price of $10.62 per share, for a total transaction of $53,100.00. Following the completion of the acquisition, the director now owns 10,600 shares of the company’s stock, valued at $112,572. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Howard John Mayson bought 2,500 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average price of $10.53 per share, for a total transaction of $26,325.00. Following the acquisition, the director now directly owns 25,104 shares of the company’s stock, valued at approximately $264,345.12. The disclosure for this purchase can be found here. Insiders acquired 22,500 shares of company stock worth $245,325 over the last quarter. Company insiders own 0.08% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Encana by 12.5% during the fourth quarter. IFP Advisors Inc now owns 42,555 shares of the oil and gas company’s stock worth $567,000 after purchasing an additional 4,730 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Encana by 5.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 112,742 shares of the oil and gas company’s stock worth $1,328,000 after purchasing an additional 5,456 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Encana by 18.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,235 shares of the oil and gas company’s stock worth $510,000 after purchasing an additional 5,901 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Encana by 2.2% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 296,467 shares of the oil and gas company’s stock worth $3,952,000 after purchasing an additional 6,475 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in shares of Encana by 28.9% during the third quarter. Cetera Advisor Networks LLC now owns 32,957 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 7,397 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.

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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 (NYSE:ECA)

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