Wall Street analysts expect that Ecopetrol SA (NYSE:EC) will announce earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ecopetrol’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.47. Ecopetrol reported earnings of $0.60 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.7%. The company is scheduled to issue its next earnings results on Tuesday, August 13th.

On average, analysts expect that Ecopetrol will report full year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $2.48. For the next financial year, analysts expect that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $1.80 to $3.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ecopetrol.

Ecopetrol (NYSE:EC) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported $0.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.43. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.94 billion. Ecopetrol had a return on equity of 10.58% and a net margin of 16.56%.

EC has been the subject of a number of research analyst reports. Citigroup raised Ecopetrol from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 8th. Santander raised Ecopetrol from an “underperform” rating to a “hold” rating in a research report on Wednesday, March 6th. Zacks Investment Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a research report on Friday, February 15th. JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 target price for the company in a research report on Friday, April 5th. Finally, ValuEngine lowered Ecopetrol from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Ecopetrol currently has an average rating of “Hold” and a consensus target price of $23.33.

NYSE EC traded down $0.04 on Friday, reaching $16.95. 1,283,682 shares of the stock traded hands, compared to its average volume of 640,758. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. Ecopetrol has a 12 month low of $15.25 and a 12 month high of $27.96.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EC. Acadian Asset Management LLC raised its position in shares of Ecopetrol by 28.6% in the 4th 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 in the last quarter. Northern Trust Corp raised its position in shares of Ecopetrol by 391.2% in the 1st quarter. Northern Trust Corp now owns 1,164,741 shares of the oil and gas company’s stock worth $24,972,000 after acquiring an additional 927,630 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Ecopetrol by 365.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 657,006 shares of the oil and gas company’s stock worth $10,433,000 after acquiring an additional 515,725 shares in the last quarter. Millennium Management LLC raised its position in shares of Ecopetrol by 369.7% in the 4th quarter. Millennium Management LLC now owns 475,261 shares of the oil and gas company’s stock worth $7,547,000 after acquiring an additional 374,080 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new position in shares of Ecopetrol in the 1st quarter worth $6,928,000.

About Ecopetrol

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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