Encore Acquisition Company ( EAC ), an independent exploration and production company, is in the hot energy sector and has seen its shares trade up sharply in recent sessions. Brokerage analysts have been raising estimates as crude and natural gas prices stay at elevated prices.
Two out of five covering analysts raised for the first quarter in the last week by one cent to 82 cents from 81 cents a share. For the year, analysts are equally as bullish. Two out of six analysts raised consensus estimates in the last week by seven cents to $3.38 from $3.31 a share. Estimates are up by 44% in the last 90 days.
Encore, a Zacks #1 Rank (Strong Buy), has surprised on estimates the last four quarters by 22.90%. EAC reports first-quarter earnings May 8...by Zacks
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$43.53 (04/15/08)
