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Ecopetrol (EC) Stock Sinks As Market Gains: What You Should Know
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Ecopetrol (EC - Free Report) closed at $9.07 in the latest trading session, marking a -1.52% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.
The oil and natural gas exploration company's stock has climbed by 1.77% in the past month, exceeding the Oils-Energy sector's gain of 0.54% and lagging the S&P 500's gain of 3.94%.
The investment community will be paying close attention to the earnings performance of Ecopetrol in its upcoming release. On that day, Ecopetrol is projected to report earnings of $0.39 per share, which would represent a year-over-year decline of 9.3%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.83 billion, indicating a 19.07% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.35 per share and revenue of $28.27 billion. These totals would mark changes of -18.67% and -13.68%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ecopetrol. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Ecopetrol presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Ecopetrol is currently exchanging hands at a Forward P/E ratio of 6.81. This denotes a discount relative to the industry average Forward P/E of 10.65.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ecopetrol (EC) Stock Sinks As Market Gains: What You Should Know
Ecopetrol (EC - Free Report) closed at $9.07 in the latest trading session, marking a -1.52% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.
The oil and natural gas exploration company's stock has climbed by 1.77% in the past month, exceeding the Oils-Energy sector's gain of 0.54% and lagging the S&P 500's gain of 3.94%.
The investment community will be paying close attention to the earnings performance of Ecopetrol in its upcoming release. On that day, Ecopetrol is projected to report earnings of $0.39 per share, which would represent a year-over-year decline of 9.3%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.83 billion, indicating a 19.07% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.35 per share and revenue of $28.27 billion. These totals would mark changes of -18.67% and -13.68%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ecopetrol. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Ecopetrol presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Ecopetrol is currently exchanging hands at a Forward P/E ratio of 6.81. This denotes a discount relative to the industry average Forward P/E of 10.65.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.