Ecopetrol (EC) to Release Quarterly Earnings on Tuesday

Ecopetrol (NYSE:EC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ecopetrol (NYSE:EC) last released its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.74 earnings per share for the quarter. The company 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 $2 EPS for the next fiscal year.

Ecopetrol Price Performance

EC traded down $0.34 on Tuesday, reaching $11.72. The company had a trading volume of 908,666 shares, compared to its average volume of 1,949,513. Ecopetrol has a one year low of $8.59 and a one year high of $13.14. The company has a fifty day moving average of $11.47 and a 200-day moving average of $11.90. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.58.

Ecopetrol Cuts Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on EC. The Goldman Sachs Group upped their price target on shares of Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Morgan Stanley cut Ecopetrol from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $11.00 to $8.50 in a research report on Monday, March 4th. Finally, 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 report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.