Encana Corp Expected to Post Q3 2017 Earnings of $0.08 Per Share (ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for shares of Encana Corp in a report released on Wednesday. Jefferies Group analyst Z. Parham now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.10. Jefferies Group also issued estimates for Encana Corp’s Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.28 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.35 EPS and FY2019 earnings at $1.39 EPS.

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Several other equities analysts have also recently issued reports on ECA. TD Securities raised Encana Corp from a “hold” rating to a “buy” rating and set a C$15.00 target price on the stock in a research note on Friday, June 30th. Raymond James Financial, Inc. boosted their target price on Encana Corp to C$19.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada boosted their target price on Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, AltaCorp Capital raised Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$16.35.

Encana Corp (TSE:ECA) opened at 14.40 on Thursday. The company has a market capitalization of $14.01 billion and a PE ratio of 17.16. Encana Corp has a 12-month low of $10.54 and a 12-month high of $18.13. The firm’s 50 day moving average price is $13.44 and its 200-day moving average price is $13.21.

About Encana Corp

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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