Q3 2016 Earnings Forecast for Encana Corp Issued By Cormark (ECA)
Encana Corp (TSE:ECA) – Equities research analysts at Cormark dropped their Q3 2016 earnings per share (EPS) estimates for Encana Corp in a research note issued on Thursday. Cormark analyst A. Arif now forecasts that the firm will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.03. Cormark also issued estimates for Encana Corp’s Q4 2016 earnings at $0.07 EPS, FY2016 earnings at $0.00 EPS, Q1 2017 earnings at ($0.01) EPS, Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.01 EPS and FY2018 earnings at $0.44 EPS.
ECA has been the topic of a number of other reports. TD Securities lifted their price objective on shares of Encana Corp from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Royal Bank Of Canada raised their target price on Encana Corp from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Wednesday, September 21st. CIBC raised Encana Corp from an “underperform” rating to a “sector perform” rating in a report on Friday, September 30th. Finally, BMO Capital Markets raised their target price on Encana Corp from C$12.00 to C$14.00 in a report on Thursday.
Shares of Encana Corp (TSE:ECA) opened at 14.44 on Monday. Encana Corp has a one year low of $4.14 and a one year high of $14.84. The company has a 50 day moving average of $12.97 and a 200-day moving average of $10.56. The stock’s market cap is $12.27 billion.
About Encana Corp
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). 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.
Receive News & Ratings for Encana Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp and related companies with MarketBeat.com's FREE daily email newsletter.