Ecopetrol (EC) Expected to Announce Quarterly 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Ecopetrol Trading Down 0.4 %

Shares of EC stock opened at $10.39 on Tuesday. The business has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $8.77. Ecopetrol has a 12-month low of $7.21 and a 12-month high of $12.90. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 1.00. The firm has a market cap of $21.35 billion, a P/E ratio of 4.97 and a beta of 1.20.

Analyst Ratings Changes

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