Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Cormark decreased their Q4 2018 earnings per share (EPS) estimates for Encana in a research report issued on Friday. Cormark analyst A. Arif now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.24.
A number of other equities analysts also recently commented on the stock. AltaCorp Capital downgraded shares of Encana from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 15th. Sanford C. Bernstein upped their target price on shares of Encana from C$19.89 to C$19.98 in a research note on Friday. Two 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 a consensus rating of “Buy” and an average price target of C$16.83.
In other Encana news, Director Douglas James Suttles acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of C$14.00 per share, for a total transaction of C$28,000.00.
The business 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 $0.015 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.43%. Encana’s dividend payout ratio is currently 6.00%.
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Encana 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.
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