Encana Corp (TSE:ECA) (NYSE:ECA) – Research analysts at Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for shares of Encana in a report released on Tuesday. Jefferies Group analyst Z. Parham now forecasts that the company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.25. Jefferies Group also issued estimates for Encana’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $0.88 EPS.
A number of other research firms also recently issued reports on ECA. AltaCorp Capital downgraded shares of Encana from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Sanford C. Bernstein raised their price objective on shares of Encana from C$19.89 to C$19.98 in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$16.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.43%. Encana’s dividend payout ratio (DPR) is 5.94%.
In other Encana news, Director Douglas James Suttles acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average cost of C$13.51 per share, with a total value of C$27,020.00. Over the last three months, insiders have bought 5,000 shares of company stock valued at $69,290.
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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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