Encana Corp (TSE:ECA) (NYSE:ECA) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings estimates for Encana in a report released on Monday, October 15th, according to Zacks Investment Research. Jefferies Financial Group analyst Z. Parham now expects that the company will post earnings per share of $0.98 for the year, down from their previous estimate of $1.07. Jefferies Financial Group also issued estimates for Encana’s Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.46 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.56 EPS and FY2020 earnings at $2.21 EPS.
Separately, AltaCorp Capital cut shares of Encana from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 2nd.
In related news, Director Clayton Woitas bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were acquired at an average cost of C$11.50 per share, with a total value of C$1,150,000.00. Also, insider Michael Mcallister bought 8,655 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average cost of C$11.49 per share, for a total transaction of C$99,445.95. Insiders have acquired a total of 114,655 shares of company stock worth $1,312,721 over the last ninety days.
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. 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.
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