Encana Corporation (NYSE:ECA) (TSE:ECA) – Equities researchers at Jefferies Group upped their Q3 2017 earnings per share (EPS) estimates for shares of Encana Corporation in a research note issued to investors on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas company will post earnings of $0.13 per share for the quarter, up from their previous forecast of $0.11. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for Encana Corporation’s Q2 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.33 EPS.

Encana Corporation (NYSE:ECA) (TSE:ECA) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $773.19 million. During the same period in the prior year, the business posted $0.10 earnings per share.

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ECA has been the topic of a number of other research reports. Citigroup Inc. lowered their price target on Encana Corporation from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Desjardins set a $13.00 price target on Encana Corporation and gave the company a “hold” rating in a report on Thursday, April 20th. Raymond James Financial, Inc. lifted their price target on Encana Corporation from $14.00 to $15.00 and gave the company a “strong-buy” rating in a report on Monday, July 24th. Macquarie downgraded Encana Corporation from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, TD Securities lifted their price target on Encana Corporation from $11.50 to $12.50 and gave the company a “buy” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. Encana Corporation presently has an average rating of “Buy” and a consensus price target of $13.32.

Encana Corporation (NYSE ECA) opened at 9.47 on Wednesday. The company’s 50-day moving average price is $9.44 and its 200 day moving average price is $10.56. The stock has a market capitalization of $9.22 billion, a P/E ratio of 11.29 and a beta of 2.04. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85.

Several institutional investors have recently bought and sold shares of ECA. Guggenheim Capital LLC boosted its position in Encana Corporation by 40.6% in the fourth quarter. Guggenheim Capital LLC now owns 79,518 shares of the oil and gas company’s stock valued at $934,000 after buying an additional 22,960 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Encana Corporation by 5.0% in the first quarter. Gulf International Bank UK Ltd now owns 314,267 shares of the oil and gas company’s stock valued at $3,676,000 after buying an additional 14,900 shares in the last quarter. Capstone Asset Management Co. boosted its position in Encana Corporation by 0.8% in the first quarter. Capstone Asset Management Co. now owns 81,900 shares of the oil and gas company’s stock valued at $959,000 after buying an additional 670 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in Encana Corporation by 23.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 284,512 shares of the oil and gas company’s stock valued at $3,324,000 after buying an additional 54,490 shares in the last quarter. Finally, First Manhattan Co. boosted its position in Encana Corporation by 288.7% in the first quarter. First Manhattan Co. now owns 103,320 shares of the oil and gas company’s stock valued at $1,081,000 after buying an additional 76,742 shares in the last quarter. 73.08% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.015 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.63%. Encana Corporation’s dividend payout ratio is presently 6.98%.

About Encana Corporation

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 Corporation (NYSE:ECA)

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