On May, 1 Encana Corporation (ECA) Analysts See $0.21 EPS

Marco Green
April 20, 2018

Guardian Capital LP lifted its position in Encana by 39.7% during the third quarter. Following the transaction, the director now directly owns 22,000 shares of the company's stock, valued at approximately $245,520. It has a return on equity (ROE) of 12.30%. LLC acquired a new stake in shares of Encana in the 4th quarter valued at approximately $143,000. The Beta factor for the stock is listed at 1.16. The Stock now has a Weekly Volatility of 3.30% and Monthly Volatility of 4.46%. Institutional investors and hedge funds own 68.68% of the company's stock. The shares were acquired at an average cost of $11.16 per share, for a total transaction of $111,600.00.

The Company holds the market capitalization of $12.33B along with 973.10M outstanding shares. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this purchase can be found here. BlackRock Inc. now owns 25,830,298 shares of the oil and gas company's stock valued at $344,316,000 after buying an additional 952,915 shares in the last quarter.

Several equities analysts recently issued reports on the company.

The company's consensus rating on Reuter's scale improved from 1.5 to 1.67 during a month. On Monday, January 8 the stock of Encana Corporation (NYSE:ECA) earned "Buy" rating by Canaccord Genuity. The stock of Encana Corporation (NYSE:ECA) has "Hold" rating given on Monday, June 5 by Desjardins Securities. Scotiabank raised shares of Encana from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Friday, February 16th.

In other Encana news, Director Suzanne P. Nimocks purchased 5,000 shares of the company's stock in a transaction dated Wednesday, February 21st. Analysts have expectation on stock's earnings per share of $0.17. Barclays Capital has "Overweight" rating and $14 target. About 11.90M shares traded or 32.43% up from the average. The company's price to sales ratio for trailing twelve months is 2.77 and price to book ratio for most recent quarter is 1.83, whereas price to cash per share for the most recent quarter is 17.15. Encana has a 52 week low of $8.01 and a 52 week high of $14.31. P/B ratio is 1.83.

Analysts expect Encana Corporation (TSE:ECA) to report $0.21 EPS on May, 1.They anticipate $0.06 EPS change or 40.00% from last quarter's $0.15 EPS. After $0.45 actual EPS reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Encana Corporation as 1.21 Billion. If the current EPS of $0.17 is accurate, ECA's profit could reach $158.78 million.

Encana announced that its board has authorized a share repurchase plan on Thursday, February 15th that allows the company to repurchase $400.00 million in shares. The stock, after opening at $12.42, hit $12.67 through the close by scoring 3.43%. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued. Also, Director Howard John Mayson purchased 2,500 shares of the business's stock in a transaction that occurred on Thursday, March 1st.

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