We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ecopetrol (EC) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
In the latest close session, Ecopetrol (EC - Free Report) was down 4.32% at $13.51. The stock fell short of the S&P 500, which registered a gain of 1.18% for the day. On the other hand, the Dow registered a gain of 0.66%, and the technology-centric Nasdaq increased by 1.96%.
The oil and natural gas exploration company's stock has climbed by 0.07% in the past month, falling short of the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
Analysts and investors alike will be keeping a close eye on the performance of Ecopetrol in its upcoming earnings disclosure. The company is expected to report EPS of $0.29, down 19.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $7.34 billion, showing a 2.09% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.68 per share and a revenue of $31.83 billion, demonstrating changes of 0% and +32.95%, respectively, from the preceding year.
Any recent changes to analyst estimates for Ecopetrol should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 27.85% higher within the past month. Currently, Ecopetrol is carrying a Zacks Rank of #2 (Buy).
Investors should also note Ecopetrol's current valuation metrics, including its Forward P/E ratio of 8.39. This signifies a discount in comparison to the average Forward P/E of 10.1 for its industry.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EC in the coming trading sessions, be sure to utilize Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Ecopetrol (EC) Stock Sinks As Market Gains: Here's Why
In the latest close session, Ecopetrol (EC - Free Report) was down 4.32% at $13.51. The stock fell short of the S&P 500, which registered a gain of 1.18% for the day. On the other hand, the Dow registered a gain of 0.66%, and the technology-centric Nasdaq increased by 1.96%.
The oil and natural gas exploration company's stock has climbed by 0.07% in the past month, falling short of the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
Analysts and investors alike will be keeping a close eye on the performance of Ecopetrol in its upcoming earnings disclosure. The company is expected to report EPS of $0.29, down 19.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $7.34 billion, showing a 2.09% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.68 per share and a revenue of $31.83 billion, demonstrating changes of 0% and +32.95%, respectively, from the preceding year.
Any recent changes to analyst estimates for Ecopetrol should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 27.85% higher within the past month. Currently, Ecopetrol is carrying a Zacks Rank of #2 (Buy).
Investors should also note Ecopetrol's current valuation metrics, including its Forward P/E ratio of 8.39. This signifies a discount in comparison to the average Forward P/E of 10.1 for its industry.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EC in the coming trading sessions, be sure to utilize Zacks.com.