Equities research analysts expect Ecopetrol SA (NYSE:EC) to post $5.42 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ecopetrol’s earnings, with estimates ranging from $5.25 billion to $5.59 billion. Ecopetrol reported sales of $6.04 billion during the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, October 29th.
According to Zacks, analysts expect that Ecopetrol will report full-year sales of $21.43 billion for the current financial year, with estimates ranging from $21.04 billion to $21.89 billion. For the next year, analysts expect that the business will report sales of $20.59 billion, with estimates ranging from $18.87 billion to $22.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Ecopetrol.
A number of analysts have weighed in on EC shares. HSBC upgraded Ecopetrol from a “hold” rating to a “buy” rating and lowered their target price for the stock from $21.00 to $20.50 in a report on Thursday, September 12th. Citigroup lowered Ecopetrol from a “buy” rating to a “neutral” rating and set a $19.80 target price for the company. in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.10.
Ecopetrol stock traded down $0.07 during mid-day trading on Friday, reaching $17.96. 470,886 shares of the company were exchanged, compared to its average volume of 714,420. The business has a fifty day moving average of $17.75 and a 200 day moving average of $17.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.05 and a current ratio of 1.36. The firm has a market cap of $37.77 billion, a P/E ratio of 10.32, a PEG ratio of 0.58 and a beta of 1.61. Ecopetrol has a 12-month low of $15.21 and a 12-month high of $23.24.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.
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