Brokerages expect that Ecopetrol SA (NYSE:EC) will post $5.86 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ecopetrol’s earnings, with estimates ranging from $5.68 billion to $6.04 billion. Ecopetrol reported sales of $5.95 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The company is expected to announce its next earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Ecopetrol will report full-year sales of $23.03 billion for the current financial year, with estimates ranging from $22.67 billion to $23.29 billion. For the next year, analysts forecast that the company will post sales of $25.58 billion, with estimates ranging from $23.00 billion to $30.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Ecopetrol.

Ecopetrol (NYSE:EC) last posted its quarterly earnings data on Friday, April 5th. The oil and gas company reported $0.38 earnings per share for the quarter. The business had revenue of $6.02 billion during the quarter. Ecopetrol had a return on equity of 10.58% and a net margin of 16.56%.

A number of research firms recently weighed in on EC. JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 price objective for the company in a report on Friday, April 5th. Santander upgraded Ecopetrol from an “underperform” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine downgraded Ecopetrol from a “hold” rating to a “sell” rating in a report on Friday, April 19th. Zacks Investment Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Citigroup upgraded Ecopetrol from a “neutral” rating to a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Ecopetrol has an average rating of “Hold” and a consensus price target of $23.33.

NYSE EC traded up $0.41 on Friday, reaching $17.87. The company had a trading volume of 448,767 shares, compared to its average volume of 876,718. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.49 and a beta of 1.51. Ecopetrol has a fifty-two week low of $15.25 and a fifty-two week high of $27.96. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 0.64.

The company also recently declared a special dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, April 24th were given a dividend of $0.3595 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a yield of 2.95%. Ecopetrol’s dividend payout ratio (DPR) is currently 55.17%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Enlightenment Research LLC bought a new position in shares of Ecopetrol during the 4th quarter worth about $27,000. Lindbrook Capital LLC boosted its position in shares of Ecopetrol by 116.6% during the 1st quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 708 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Ecopetrol during the 4th quarter worth about $31,000. Financial Gravity Companies Inc. bought a new position in shares of Ecopetrol during the 4th quarter worth about $36,000. Finally, Quantamental Technologies LLC bought a new position in shares of Ecopetrol during the 4th quarter worth about $64,000.

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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