$0.52 EPS Expected for Ecopetrol SA (EC) This Quarter

Brokerages expect Ecopetrol SA (NYSE:EC) to report $0.52 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ecopetrol’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.50. Ecopetrol posted earnings per share of $0.56 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The firm is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Ecopetrol will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.16. For the next fiscal year, analysts forecast that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.68 to $1.93. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Ecopetrol.

A number of brokerages have recently issued reports on EC. ValuEngine lowered shares of Ecopetrol from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. UBS Group upgraded shares of Ecopetrol from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 12th. Raymond James upgraded shares of Ecopetrol from an “underperform” rating to a “market perform” rating in a research note on Monday, October 22nd. Zacks Investment Research lowered shares of Ecopetrol from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Finally, Citigroup set a $21.00 target price on shares of Ecopetrol and gave the company a “hold” rating in a research note on Monday, December 17th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.67.

Shares of Ecopetrol stock opened at $18.83 on Thursday. The stock has a market capitalization of $38.66 billion, a PE ratio of 17.28, a P/E/G ratio of 0.63 and a beta of 1.51. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Ecopetrol has a 1 year low of $15.25 and a 1 year high of $27.96.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EC. Acadian Asset Management LLC raised its stake in Ecopetrol by 28.6% during the fourth quarter. Acadian Asset Management LLC now owns 14,015,881 shares of the oil and gas company’s stock worth $222,574,000 after acquiring an additional 3,113,191 shares during the period. Fisher Asset Management LLC raised its stake in Ecopetrol by 135.5% during the third quarter. Fisher Asset Management LLC now owns 1,740,247 shares of the oil and gas company’s stock worth $46,865,000 after acquiring an additional 1,001,229 shares during the period. Candriam Luxembourg S.C.A. raised its stake in Ecopetrol by 96.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 1,429,000 shares of the oil and gas company’s stock worth $38,483,000 after acquiring an additional 703,000 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Ecopetrol by 6,106.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 639,271 shares of the oil and gas company’s stock worth $17,216,000 after acquiring an additional 628,971 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Ecopetrol by 6.1% during the third quarter. Renaissance Technologies LLC now owns 7,582,524 shares of the oil and gas company’s stock worth $204,197,000 after acquiring an additional 432,624 shares during the period. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Ecopetrol Company Profile

Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.

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