Wall Street brokerages forecast that Encana Corp (NYSE:ECA) (TSE:ECA) will post $0.16 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Encana’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.11. Encana posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The company is scheduled to announce its next earnings report on Thursday, February 27th.

On average, analysts expect that Encana will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.34 to $0.66. For the next year, analysts anticipate that the firm will report earnings of $0.54 per share, with EPS estimates ranging from $0.42 to $0.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Encana.

Encana (NYSE:ECA) (TSE:ECA) last announced its earnings results on Thursday, October 31st. The oil and gas company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.70 billion. Encana had a net margin of 16.84% and a return on equity of 10.12%.

A number of equities research analysts have weighed in on the stock. Raymond James set a $5.00 target price on shares of Encana and gave the company a “market perform” rating in a research note on Friday, November 1st. CIBC downgraded shares of Encana from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $5.00 to $4.00 in a research report on Thursday, October 31st. Citigroup cut their price objective on shares of Encana from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Macquarie began coverage on shares of Encana in a research report on Monday, September 23rd. They set a “neutral” rating and a $5.50 price objective for the company. Finally, ValuEngine raised shares of Encana from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.03.

In other news, CEO Douglas James Suttles bought 12,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $3.92 per share, with a total value of $49,000.00. Following the acquisition, the chief executive officer now owns 212,712 shares of the company’s stock, valued at approximately $833,831.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Corey Douglas Code bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $4.06 per share, with a total value of $40,600.00. Following the acquisition, the chief financial officer now directly owns 52,463 shares in the company, valued at approximately $212,999.78. The disclosure for this purchase can be found here. Insiders purchased a total of 63,300 shares of company stock valued at $265,380 in the last ninety days. 0.11% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. boosted its holdings in shares of Encana by 43.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 23,050 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 7,000 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Encana by 88.2% during the 3rd quarter. Signaturefd LLC now owns 33,127 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 15,526 shares during the last quarter. CoreCommodity Management LLC boosted its holdings in shares of Encana by 4.0% during the 2nd quarter. CoreCommodity Management LLC now owns 211,075 shares of the oil and gas company’s stock valued at $1,083,000 after purchasing an additional 8,064 shares during the last quarter. Cerebellum GP LLC boosted its holdings in shares of Encana by 56.4% during the 2nd quarter. Cerebellum GP LLC now owns 72,456 shares of the oil and gas company’s stock valued at $372,000 after purchasing an additional 26,137 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new position in shares of Encana during the 3rd quarter valued at about $57,000. 71.26% of the stock is owned by institutional investors.

ECA traded up $0.02 during mid-day trading on Thursday, reaching $4.36. 15,492,603 shares of the company traded hands, compared to its average volume of 25,138,050. The stock has a market capitalization of $5.64 billion, a P/E ratio of 5.07, a P/E/G ratio of 0.76 and a beta of 1.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The company’s fifty day moving average price is $4.36 and its 200-day moving average price is $4.91. Encana has a 52-week low of $3.81 and a 52-week high of $7.84.

Encana Company Profile

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.

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Earnings History and Estimates for Encana (NYSE:ECA)

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