Encana Corporation (NYSE:ECA) (TSE:ECA) – Analysts at Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for Encana Corporation in a research note issued on Tuesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas company will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.13. Jefferies Group currently has a “Buy” rating and a $12.00 price target on the stock. Jefferies Group also issued estimates for Encana Corporation’s Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.76 EPS.

ECA has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Encana Corporation in a research note on Monday, May 29th. Scotiabank raised shares of Encana Corporation from an “underperform” rating to a “sector perform” rating and set a $11.00 target price for the company in a research note on Friday, June 30th. TD Securities decreased their target price on shares of Encana Corporation from $12.50 to $11.50 and set a “hold” rating for the company in a research note on Tuesday, June 13th. BidaskClub raised shares of Encana Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Encana Corporation in a report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.23.

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Shares of Encana Corporation (NYSE:ECA) opened at 9.33 on Thursday. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85. The stock has a 50 day moving average price of $9.55 and a 200 day moving average price of $10.30. The firm has a market capitalization of $9.08 billion, a P/E ratio of 11.12 and a beta of 2.04.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $773.19 million. During the same period last year, the company posted $0.10 EPS.

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Encana Corporation by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after buying an additional 124 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Encana Corporation by 0.6% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company’s stock worth $277,000 after buying an additional 133 shares in the last quarter. Sentinel Trust Co. LBA increased its stake in shares of Encana Corporation by 0.3% in the second quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after buying an additional 490 shares in the last quarter. Equity Investment Corp Acquisition Inc increased its stake in shares of Encana Corporation by 5.4% in the second quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after buying an additional 666 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Encana Corporation by 0.4% in the first quarter. Van ECK Associates Corp now owns 154,065 shares of the oil and gas company’s stock worth $1,804,000 after buying an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 66.76% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.64%. Encana Corporation’s payout ratio is 6.98%.

Encana Corporation 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 Corporation (NYSE:ECA)

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