Analysts Issue Forecasts for Encana Corp’s FY2018 Earnings (ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) – Jefferies Financial Group cut their FY2018 EPS estimates for shares of Encana in a research report issued on Monday, October 15th. Jefferies Financial Group analyst Z. Parham now forecasts that the company will post earnings per share of $0.98 for the year, down from their previous estimate of $1.07. Jefferies Financial Group also issued estimates for Encana’s Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.46 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.56 EPS and FY2020 earnings at $2.21 EPS.

Separately, Canaccord Genuity increased their price target on shares of Encana from C$16.00 to C$19.00 in a research note on Tuesday, July 10th.

Shares of Encana stock opened at C$14.68 on Wednesday. Encana has a 52 week low of C$12.37 and a 52 week high of C$18.54.

Encana (TSE:ECA) (NYSE:ECA) last announced its quarterly earnings results on Wednesday, August 1st. The company reported C$0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.14. The company had revenue of C$1.27 billion for the quarter, compared to analyst estimates of C$1.49 billion. Encana had a net margin of 34.15% and a return on equity of 17.15%.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.02 dividend. This is a positive change from Encana’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, September 13th.

Encana Company Profile

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

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Earnings History and Estimates for Encana (TSE:ECA)

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