Ecopetrol (EC) Scheduled to Post Quarterly Earnings on Wednesday

Ecopetrol (NYSE:EC) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ecopetrol (NYSE:EC) last issued its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.49 billion. Ecopetrol had a net margin of 13.92% and a return on equity of 9.42%. On average, analysts expect Ecopetrol to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ecopetrol Trading Down 3.8 %

NYSE EC opened at $7.36 on Monday. Ecopetrol has a 12-month low of $7.33 and a 12-month high of $13.14. The company has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $10.33. The company has a current ratio of 1.48, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The stock has a market cap of $15.13 billion, a P/E ratio of 3.24 and a beta of 1.21.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com raised Ecopetrol from a “hold” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group decreased their target price on Ecopetrol from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Ecopetrol presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Ecopetrol Company Profile

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.