Jefferies Group Weighs in on Encana’s Q1 2018 Earnings (ECA)

Encana (TSE:ECA) (NYSE:ECA) – Equities researchers at Jefferies Group cut their Q1 2018 earnings estimates for shares of Encana in a research report issued on Monday. Jefferies Group analyst Z. Parham now expects that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.19. Jefferies Group also issued estimates for Encana’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.84 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $0.98 EPS.

ECA has been the subject of several other reports. Sanford C. Bernstein boosted their price target on Encana from C$19.89 to C$19.98 in a report on Friday, February 16th. AltaCorp Capital downgraded Encana from an “outperform” rating to a “sector perform” rating in a report on Monday, January 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Encana presently has a consensus rating of “Buy” and a consensus target price of C$16.83.

Encana (TSE:ECA) opened at C$14.63 on Tuesday. The firm has a market capitalization of $13,740.00, a price-to-earnings ratio of 9.50 and a beta of 1.71. Encana has a twelve month low of C$10.54 and a twelve month high of C$17.94.

Encana (TSE:ECA) (NYSE:ECA) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.14 by C$0.01. The company had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$1.33 billion. Encana had a return on equity of 17.15% and a net margin of 34.15%.

The business 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 is Wednesday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.41%. Encana’s dividend payout ratio is presently 3.90%.

In related news, Director Douglas James Suttles acquired 2,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of C$13.51 per share, with a total value of C$27,020.00. Insiders have bought a total of 5,000 shares of company stock valued at $65,680 over the last three months.

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About Encana

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.

Earnings History and Estimates for Encana (TSE:ECA)

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