Q3 2017 Earnings Estimate for Encana Corp Issued By Cormark (ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) – Investment analysts at Cormark cut their Q3 2017 EPS estimates for Encana Corp in a research report issued on Monday. Cormark analyst A. Arif now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.09. Cormark also issued estimates for Encana Corp’s Q4 2017 earnings at $0.16 EPS and FY2019 earnings at $1.19 EPS.

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A number of other research analysts have also commented on the stock. AltaCorp Capital upgraded shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday. TD Securities lifted their price objective on shares of Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada lifted their price objective on shares of Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday. Raymond James Financial, Inc. lifted their price objective on shares of Encana Corp to C$19.00 and gave the company a “strong-buy” rating in a research note on Monday. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$13.00 price objective on shares of Encana Corp in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$16.35.

Shares of Encana Corp (ECA) opened at 12.42 on Tuesday. The firm has a 50-day moving average of $11.77 and a 200 day moving average of $14.52. The stock has a market capitalization of $12.08 billion and a price-to-earnings ratio of 14.80. Encana Corp has a 12-month low of $9.94 and a 12-month high of $18.13.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.48%.

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.

Earnings History and Estimates for Encana Corp (TSE:ECA)

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