Analysts expect Ecopetrol SA (NYSE:EC) to report sales of $5.75 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ecopetrol’s earnings, with the highest sales estimate coming in at $5.77 billion and the lowest estimate coming in at $5.72 billion. Ecopetrol reported sales of $6.04 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is expected to issue its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Ecopetrol will report full year sales of $22.16 billion for the current fiscal year, with estimates ranging from $21.72 billion to $22.56 billion. For the next year, analysts anticipate that the firm will report sales of $24.97 billion, with estimates ranging from $21.50 billion to $30.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ecopetrol.
EC has been the topic of several research analyst reports. HSBC upgraded Ecopetrol from a “hold” rating to a “buy” rating and dropped their price target for the company from $21.00 to $20.50 in a research note on Thursday, September 12th. Citigroup set a $19.80 price target on Ecopetrol and gave the company a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Ecopetrol presently has a consensus rating of “Hold” and an average target price of $22.33.
Ecopetrol stock traded up $0.05 during trading hours on Wednesday, hitting $17.02. 535,276 shares of the stock traded hands, compared to its average volume of 757,869. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.26 and a quick ratio of 0.96. The firm’s 50 day moving average price is $16.59 and its 200-day moving average price is $18.28. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.49 and a beta of 1.56. Ecopetrol has a 1 year low of $15.21 and a 1 year high of $27.02.
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.
Featured Article: How is Preferred Stock Different from Common Stock?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ecopetrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol and related companies with MarketBeat.com's FREE daily email newsletter.