Encana Co. (TSE:ECA) (NYSE:ECA) – Jefferies Group cut their Q2 2018 earnings per share estimates for shares of Encana in a report issued on Thursday. Jefferies Group analyst Z. Parham now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.21. Jefferies Group also issued estimates for Encana’s Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.35 EPS.
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ECA has been the subject of a number of other research reports. TD Securities boosted their target price on shares of Encana to C$15.50 and gave the company a “buy” rating in a research report on Monday, July 24th. Scotiabank boosted their target price on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Raymond James Financial, Inc. boosted their target price on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 20th. AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Encana to C$16.25 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Encana currently has an average rating of “Buy” and an average price target of C$16.20.
Shares of Encana (TSE:ECA) opened at C$16.00 on Monday. Encana has a 52-week low of C$10.54 and a 52-week high of C$18.13.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.019 per share. This is a boost from Encana’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.48%. Encana’s dividend payout ratio is currently 5.94%.
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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