Encana Corp (TSE:ECA) (NYSE:ECA) – Equities research analysts at Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for Encana in a research report issued to clients and investors on Tuesday, June 11th, according to Zacks Investment Research. Jefferies Financial Group analyst Z. Parham now forecasts that the company will earn $0.86 per share for the year, up from their prior estimate of $0.80.
Other analysts also recently issued reports about the company. National Bank Financial upped their price objective on Encana from C$10.50 to C$11.00 in a report on Monday, April 8th. BMO Capital Markets lowered their price target on Encana from C$11.00 to C$9.00 in a report on Friday, June 14th. AltaCorp Capital reiterated an “outperform” rating on shares of Encana in a report on Monday, April 8th. Finally, Macquarie upgraded Encana from a “neutral” rating to an “outperform” rating in a report on Monday, March 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$11.50.
ECA traded up C$0.18 during trading on Thursday, hitting C$6.72. The company’s stock had a trading volume of 8,332,400 shares, compared to its average volume of 7,701,596. The stock has a market cap of $9.45 billion and a PE ratio of 10.32. The company has a debt-to-equity ratio of 77.96, a quick ratio of 0.67 and a current ratio of 0.74. The business has a 50 day simple moving average of C$7.45. Encana has a twelve month low of C$6.12 and a twelve month high of C$18.54.
Encana (TSE:ECA) (NYSE:ECA) last posted its quarterly earnings results on Tuesday, April 30th. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.05. The company had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.59 billion.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.025 dividend. This is a boost from Encana’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, June 13th. Encana’s dividend payout ratio is presently 9.79%.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast 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.