Equities research analysts expect Encana Corp (NYSE:ECA) (TSE:ECA) to report earnings per share of $0.16 for the current quarter, Zacks reports. Three analysts have made estimates for Encana’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.07. Encana reported earnings of $0.12 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Encana will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.78. For the next year, analysts anticipate that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $0.65 to $1.42. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Encana.

Encana (NYSE:ECA) (TSE:ECA) last posted its earnings results on Thursday, November 1st. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Encana had a negative net margin of 3.98% and a positive return on equity of 9.53%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion.

A number of research analysts recently issued reports on ECA shares. Bank of America started coverage on shares of Encana in a research note on Tuesday, September 18th. They issued a “buy” rating and a $19.00 target price on the stock. CIBC started coverage on shares of Encana in a research note on Friday, October 5th. They issued a “neutral” rating on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 target price on shares of Encana in a research note on Thursday, October 11th. ValuEngine lowered shares of Encana from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Morgan Stanley set a $19.00 target price on shares of Encana and gave the company a “buy” rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.81.

In related news, CEO Douglas James Suttles purchased 50,000 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were bought at an average cost of $8.83 per share, for a total transaction of $441,500.00. Following the transaction, the chief executive officer now directly owns 134,212 shares of the company’s stock, valued at approximately $1,185,091.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sherri Anne Brillon purchased 17,250 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was bought at an average price of $8.85 per share, for a total transaction of $152,662.50. Following the completion of the transaction, the chief financial officer now directly owns 114,165 shares in the company, valued at $1,010,360.25. The disclosure for this purchase can be found here. Insiders acquired a total of 238,655 shares of company stock worth $2,057,114 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Encana by 70.2% during the 2nd quarter. FMR LLC now owns 41,979,114 shares of the oil and gas company’s stock valued at $548,226,000 after acquiring an additional 17,318,112 shares in the last quarter. BlackRock Inc. lifted its holdings in Encana by 24.5% during the 3rd quarter. BlackRock Inc. now owns 27,563,490 shares of the oil and gas company’s stock valued at $361,359,000 after purchasing an additional 5,428,023 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Encana by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 26,398,158 shares of the oil and gas company’s stock valued at $346,081,000 after purchasing an additional 561,436 shares during the last quarter. Morgan Stanley lifted its holdings in Encana by 34.2% during the 2nd quarter. Morgan Stanley now owns 19,464,355 shares of the oil and gas company’s stock valued at $254,011,000 after purchasing an additional 4,962,470 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its holdings in Encana by 14.2% during the 3rd quarter. Steadfast Capital Management LP now owns 18,235,901 shares of the oil and gas company’s stock valued at $239,073,000 after purchasing an additional 2,261,216 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

NYSE:ECA opened at $6.75 on Thursday. Encana has a 1 year low of $6.64 and a 1 year high of $14.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.43 billion, a P/E ratio of 15.70, a PEG ratio of 0.39 and a beta of 2.06.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.015 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.06 annualized dividend and a yield of 0.89%. Encana’s dividend payout ratio is 13.95%.

Encana Company Profile

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern 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 and Estimates for Encana (NYSE:ECA)

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