Analysts expect Encana Corp (NYSE:ECA) (TSE:ECA) to announce $1.29 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Encana’s earnings, with the highest sales estimate coming in at $1.39 billion and the lowest estimate coming in at $1.12 billion. Encana posted sales of $861.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 49.8%. The business is expected to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Encana will report full year sales of $4.71 billion for the current fiscal year, with estimates ranging from $4.36 billion to $5.17 billion. For the next year, analysts forecast that the company will post sales of $5.95 billion per share, with estimates ranging from $5.45 billion to $6.60 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Encana.

Encana (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09. Encana had a return on equity of 7.30% and a net margin of 1.49%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $1.14 billion.

ECA has been the subject of a number of analyst reports. Zacks Investment Research upgraded Encana from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, July 18th. Morgan Stanley raised their price objective on Encana from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. National Bank Financial raised their price objective on Encana from $18.00 to $22.00 and gave the stock a “$12.96” rating in a research report on Wednesday, July 18th. ValuEngine upgraded Encana from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. Finally, Tudor Pickering downgraded Encana from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.98.

Shares of ECA opened at $13.15 on Tuesday. Encana has a 1 year low of $8.79 and a 1 year high of $14.31. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.93 billion, a PE ratio of 30.58, a P/E/G ratio of 1.92 and a beta of 2.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.15 dividend. This is an increase from Encana’s previous quarterly dividend of $0.02. This represents a $0.60 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, September 13th. Encana’s payout ratio is presently 13.95%.

Hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its holdings in Encana by 34.7% in the first quarter. Sei Investments Co. now owns 832,475 shares of the oil and gas company’s stock worth $9,159,000 after purchasing an additional 214,505 shares in the last quarter. Sentry Investments Corp. increased its holdings in Encana by 48.7% in the first quarter. Sentry Investments Corp. now owns 348,250 shares of the oil and gas company’s stock worth $4,935,000 after purchasing an additional 114,100 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Encana by 25.7% in the first quarter. Guggenheim Capital LLC now owns 47,981 shares of the oil and gas company’s stock worth $528,000 after purchasing an additional 9,810 shares in the last quarter. Fiera Capital Corp increased its holdings in Encana by 15.0% in the first quarter. Fiera Capital Corp now owns 1,815,092 shares of the oil and gas company’s stock worth $19,935,000 after purchasing an additional 236,100 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in Encana in the first quarter worth approximately $9,583,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

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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