Ecopetrol (EC) Set to Announce Quarterly Earnings on Wednesday

Ecopetrol (NYSE:EC - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect Ecopetrol to post earnings of $0.63 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Ecopetrol (NYSE:EC - Get Free Report) last announced 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). Ecopetrol had a return on equity of 9.42% and a net margin of 13.92%. The business had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.49 billion. On average, analysts expect Ecopetrol to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ecopetrol Stock Performance

EC stock remained flat at $7.56 during trading hours on Wednesday. The company had a trading volume of 2,253,319 shares, compared to its average volume of 2,042,918. The firm has a market capitalization of $15.54 billion, a P/E ratio of 3.33 and a beta of 1.21. 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 firm has a 50 day moving average of $8.77 and a 200-day moving average of $10.41. Ecopetrol has a fifty-two week low of $7.43 and a fifty-two week high of $13.14.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EC shares. StockNews.com downgraded Ecopetrol from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on shares of Ecopetrol from $11.00 to $9.50 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lowered their price target on Ecopetrol from $8.50 to $7.50 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and an average 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.