Equities analysts expect Ecopetrol SA (NYSE:EC) to post earnings per share (EPS) of $0.58 for the current quarter, according to Zacks. Two analysts have provided estimates for Ecopetrol’s earnings, with estimates ranging from $0.49 to $0.64. Ecopetrol reported earnings per share of $0.22 in the same quarter last year, which suggests a positive year over year growth rate of 163.6%. The company is scheduled to issue its next earnings report after the market closes on Tuesday, August 14th.

According to Zacks, analysts expect that Ecopetrol will report full year earnings of $2.08 per share for the current year, with EPS estimates ranging from $1.35 to $2.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $1.71 to $2.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ecopetrol.

A number of research analysts have weighed in on EC shares. HSBC raised shares of Ecopetrol from a “reduce” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Citigroup raised shares of Ecopetrol from a “sell” rating to a “neutral” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Ecopetrol from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.00.

EC stock traded up $0.26 during midday trading on Friday, reaching $25.15. 799,316 shares of the company’s stock traded hands, compared to its average volume of 948,192. The stock has a market cap of $51.77 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 0.68. Ecopetrol has a fifty-two week low of $9.35 and a fifty-two week high of $25.60.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Todd Asset Management LLC purchased a new stake in shares of Ecopetrol during the second quarter valued at approximately $3,181,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Ecopetrol by 32.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 24,803 shares of the oil and gas company’s stock valued at $510,000 after purchasing an additional 6,117 shares during the period. UBS Group AG raised its stake in shares of Ecopetrol by 203.3% during the first quarter. UBS Group AG now owns 79,417 shares of the oil and gas company’s stock valued at $1,535,000 after purchasing an additional 53,237 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of Ecopetrol by 54.0% during the second quarter. Segall Bryant & Hamill LLC now owns 15,400 shares of the oil and gas company’s stock valued at $316,000 after purchasing an additional 5,400 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Ecopetrol by 5.8% during the second quarter. Aperio Group LLC now owns 363,994 shares of the oil and gas company’s stock valued at $7,480,000 after purchasing an additional 20,101 shares during the period. Institutional investors own 2.85% 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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