Equities research analysts expect Ecopetrol SA (NYSE:EC) to post sales of $5.23 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ecopetrol’s earnings, with the lowest sales estimate coming in at $4.95 billion and the highest estimate coming in at $5.51 billion. Ecopetrol posted sales of $4.39 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.1%. The business is scheduled to issue its next earnings report on Friday, March 2nd.

According to Zacks, analysts expect that Ecopetrol will report full-year sales of $5.23 billion for the current financial year, with estimates ranging from $18.23 billion to $19.06 billion. For the next fiscal year, analysts forecast that the business will post sales of $21.35 billion per share, with estimates ranging from $17.57 billion to $27.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Ecopetrol.

EC has been the topic of a number of recent research reports. TheStreet raised Ecopetrol from a “c+” rating to a “b-” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, January 30th. HSBC downgraded Ecopetrol from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 23rd. downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Citigroup initiated coverage on Ecopetrol in a research report on Wednesday, December 6th. They set a “neutral” rating and a $12.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.40.

Ecopetrol (NYSE:EC) traded up $0.52 on Tuesday, hitting $16.78. The stock had a trading volume of 3,587,680 shares, compared to its average volume of 2,197,610. Ecopetrol has a fifty-two week low of $8.44 and a fifty-two week high of $20.55. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.82. The company has a market cap of $32,860.00, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 0.27 and a beta of 1.36.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of Ecopetrol by 20.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 235,147 shares of the oil and gas company’s stock worth $2,138,000 after purchasing an additional 39,680 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Ecopetrol by 303.2% during the 3rd quarter. Nationwide Fund Advisors now owns 353,973 shares of the oil and gas company’s stock worth $3,359,000 after purchasing an additional 266,173 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Ecopetrol during the 3rd quarter worth $733,000. Mizuho Securities USA LLC purchased a new stake in shares of Ecopetrol during the 3rd quarter worth $563,000. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Ecopetrol by 5.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 472,279 shares of the oil and gas company’s stock worth $4,482,000 after purchasing an additional 22,798 shares during the last quarter. Hedge funds and other institutional investors own 2.24% of the company’s stock.

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Ecopetrol Company Profile

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

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