Ecopetrol (EC) to Release Earnings on Wednesday

Ecopetrol (NYSE:EC) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $6.47 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Ecopetrol Price Performance

Shares of EC stock opened at $10.39 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. Ecopetrol has a fifty-two week low of $7.21 and a fifty-two week high of $12.90. The firm has a market cap of $21.35 billion, a P/E ratio of 4.97 and a beta of 1.20. The business’s 50 day moving average price is $8.85 and its 200-day moving average price is $8.77.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EC shares. Citigroup raised shares of Ecopetrol from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $14.00 in a research report on Tuesday, February 18th. StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised shares of Ecopetrol from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $7.50 to $9.50 in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Ecopetrol currently has an average rating of “Hold” and a consensus target price of $10.38.

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.