FY2017 Earnings Forecast for Encana Corp Issued By Jefferies Group (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Jefferies Group decreased their FY2017 earnings estimates for Encana Corp in a note issued to investors on Thursday. Jefferies Group analyst Z. Parham now forecasts that the company will post earnings of $0.55 per share for the year, down from their prior estimate of $0.61. Jefferies Group also issued estimates for Encana Corp’s Q4 2017 earnings at $0.15 EPS and Q1 2018 earnings at $0.18 EPS.
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A number of other equities analysts have also recently commented on ECA. Royal Bank Of Canada raised their target price on Encana Corp to C$16.25 and gave the company an “outperform” rating in a report on Monday, July 24th. TD Securities raised their target price on Encana Corp to C$15.50 and gave the company a “buy” rating in a report on Monday, July 24th. Raymond James Financial, Inc. raised their target price on Encana Corp to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, October 20th. Scotiabank raised their target price on Encana Corp to C$16.25 and gave the company a “sector perform” rating in a report on Friday, October 20th. Finally, AltaCorp Capital upgraded Encana Corp from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$16.20.
Shares of Encana Corp (ECA) traded down C$0.22 during trading on Friday, reaching C$15.88. The company had a trading volume of 2,250,701 shares, compared to its average volume of 4,120,000. Encana Corp has a 12 month low of C$10.54 and a 12 month high of C$18.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.019 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Encana Corp’s previous quarterly dividend of $0.02. Encana Corp’s dividend payout ratio (DPR) is presently 5.94%.
Encana Corp 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.
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