Ecopetrol (NYSE:EC - Get Free Report) is expected to be issuing 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. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Ecopetrol Stock Performance
EC traded down $0.21 during trading on Thursday, reaching $9.92. The company's stock had a trading volume of 3,971,677 shares, compared to its average volume of 2,808,615. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. The company's fifty day moving average price is $8.95 and its 200-day moving average price is $8.78. Ecopetrol has a 52-week low of $7.21 and a 52-week high of $12.90. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 4.74 and a beta of 1.20.
Analyst Upgrades and Downgrades
Several research firms recently commented on EC. JPMorgan Chase & Co. upgraded shares of Ecopetrol from an "underweight" rating to a "neutral" rating and raised their price target for the company from $7.50 to $9.50 in a report on Thursday, February 13th. StockNews.com lowered shares of Ecopetrol from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Citigroup raised Ecopetrol from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $14.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.38.
Read Our Latest Research Report on Ecopetrol
About Ecopetrol
(
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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.
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