Encana Co. (ECA) Expected to Earn Q2 2018 Earnings of $0.19 Per Share

Encana Co. (TSE:ECA) (NYSE:ECA) – Research analysts at Jefferies Group lowered their Q2 2018 earnings per share (EPS) estimates for Encana in a note issued to investors on Thursday. Jefferies Group analyst Z. Parham now anticipates that the company will post earnings of $0.19 per share 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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A number of other analysts also recently commented on the stock. TD Securities boosted their price target on shares of Encana to C$15.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Royal Bank Of Canada boosted their price objective on shares of Encana to C$16.25 and gave the company an “outperform” rating in a research report on Monday, July 24th. Scotiabank boosted their price objective on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Finally, Raymond James Financial, Inc. boosted their target price on shares of Encana to C$20.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 20th. Two investment 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 company currently has a consensus rating of “Buy” and an average price target of C$16.20.

Encana (TSE ECA) traded down C$0.47 during midday trading on Monday, hitting C$15.13. 2,826,683 shares of the stock traded hands, compared to its average volume of 4,564,507. Encana has a 1-year low of C$10.54 and a 1-year high of C$18.13.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Encana’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.50%. Encana’s dividend payout ratio is presently 5.94%.

About Encana

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 (TSE:ECA)

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