Ecopetrol (EC) Scheduled to Post Earnings on Tuesday

Ecopetrol (NYSE:EC) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Ecopetrol to post earnings of $0.67 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ecopetrol (NYSE:EC) last released its earnings results on Thursday, April 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $8.59 billion for the quarter. Ecopetrol had a return on equity of 10.84% and a net margin of 14.77%. On average, analysts expect Ecopetrol to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ecopetrol Price Performance

NYSE:EC opened at $11.54 on Monday. The business’s 50-day moving average price is $11.45 and its 200 day moving average price is $11.88. Ecopetrol has a 52-week low of $8.59 and a 52-week high of $13.14. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.90.

Ecopetrol Cuts Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 25th will be paid a $0.7999 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a yield of 19.5%. Ecopetrol’s dividend payout ratio is currently 92.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Ecopetrol from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 20th. Morgan Stanley cut Ecopetrol from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $11.00 to $8.50 in a research note on Monday, March 4th. Finally, The Goldman Sachs Group lifted their target price on Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Ecopetrol presently has an average rating of “Hold” and a consensus target price of $11.27.

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.