Ecopetrol (EC) Projected to Post Earnings on Wednesday

Ecopetrol (NYSE:EC) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Ecopetrol to post earnings of $0.40 per share and revenue of $6.47 billion for the quarter.

Ecopetrol Stock Performance

Shares of EC stock opened at $10.83 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. The company has a market capitalization of $22.25 billion, a P/E ratio of 5.18 and a beta of 1.20. The company’s 50 day moving average price is $8.61 and its two-hundred day moving average price is $8.75. Ecopetrol has a 52 week low of $7.21 and a 52 week high of $12.90.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EC shares. Citigroup upgraded shares of Ecopetrol from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $14.00 in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $7.50 to $9.50 in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.