Q3 2016 Earnings Forecast for Encana Corp Issued By Cormark (ECA)
Encana Corp (TSE:ECA) – Equities research analysts at Cormark decreased their Q3 2016 EPS estimates for Encana Corp in a research note issued on Thursday. Cormark analyst A. Arif now anticipates that the firm will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.03. Cormark also issued estimates for Encana Corp’s Q4 2016 earnings at $0.07 EPS, FY2016 earnings at $0.00 EPS, Q1 2017 earnings at ($0.01) EPS, Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.01 EPS and FY2018 earnings at $0.44 EPS.
A number of other equities research analysts have also recently commented on the company. TD Securities reaffirmed a “buy” rating and set a C$11.50 price objective on shares of Encana Corp in a research note on Wednesday, August 17th. Royal Bank Of Canada lifted their price objective on Encana Corp from C$14.00 to C$16.50 and gave the stock a “sector perform” rating in a research note on Thursday. CIBC raised Encana Corp from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 30th. Finally, BMO Capital Markets lifted their price objective on Encana Corp from C$12.00 to C$14.00 in a research note on Thursday.
Encana Corp (TSE:ECA) opened at 14.44 on Monday. Encana Corp has a one year low of $4.14 and a one year high of $14.84. The stock’s 50 day moving average price is $12.97 and its 200-day moving average price is $10.56. The firm’s market cap is $12.27 billion.
Encana Corp Company Profile
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). 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.
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