Encana Corp (TSE:ECA) (NYSE:ECA) – Stock analysts at Cormark lowered their Q4 2018 EPS estimates for shares of Encana in a report issued on Friday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.24.
Other analysts have also issued research reports about the stock. Sanford C. Bernstein boosted their target price on shares of Encana from C$19.89 to C$19.98 in a research note on Friday, February 16th. AltaCorp Capital upgraded shares of Encana from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$16.83.
Encana (TSE ECA) traded down C$0.26 during mid-day trading on Monday, reaching C$13.49. 2,106,128 shares of the company’s stock traded hands, compared to its average volume of 3,871,410. Encana has a 12-month low of C$10.54 and a 12-month high of C$17.94. The company has a market capitalization of $13,380.00, a price-to-earnings ratio of 13.47 and a beta of 1.67.
In other news, Director Douglas James Suttles purchased 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of C$14.00 per share, for a total transaction of C$28,000.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.015 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.06 annualized dividend and a yield of 0.44%. Encana’s payout ratio is 6.00%.
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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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