Encana Co. (TSE:ECA) to Post Q2 2018 Earnings of $0.19 Per Share, Jefferies Group Forecasts

Encana Co. (TSE:ECA) (NYSE:ECA) – Research analysts at Jefferies Group cut their Q2 2018 earnings per share estimates for Encana in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst Z. Parham now anticipates that the company will post earnings per share of $0.19 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.

Several other brokerages have also recently weighed in on ECA. Scotiabank upped their price target on Encana to C$16.25 and gave the stock a “sector perform” rating in a research note on Friday, October 20th. Raymond James Financial upped their price target on Encana to C$20.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$16.20.

Shares of Encana (ECA) traded up C$0.44 during mid-day trading on Monday, reaching C$15.27. The company had a trading volume of 5,888,514 shares, compared to its average volume of 4,466,618. Encana has a 12 month low of C$10.54 and a 12 month high of C$18.13.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.019 dividend. This is a boost from Encana’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. Encana’s dividend payout ratio is currently 5.88%.

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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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Earnings History and Estimates for Encana (TSE:ECA)

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