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) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
In the latest trading session, Ecopetrol (EC - Free Report) closed at $15.15, marking a -3.13% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 2.65%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 4.18%.
Shares of the oil and natural gas exploration company have appreciated by 20.31% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.06%, and the S&P 500's gain of 5.47%.
The investment community will be closely monitoring the performance of Ecopetrol in its forthcoming earnings report. The company is predicted to post an EPS of $0.6, indicating a 66.67% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.7 billion, up 2.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.44 per share and a revenue of $34.84 billion, indicating changes of 0% and +45.53%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ecopetrol. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.95% increase. Ecopetrol presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Ecopetrol is presently being traded at a Forward P/E ratio of 6.4. This indicates a discount in contrast to its industry's Forward P/E of 8.23.
We can additionally observe that EC currently boasts a PEG ratio of 0.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.58 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Ecopetrol (EC - Free Report) closed at $15.15, marking a -3.13% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 2.65%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 4.18%.
Shares of the oil and natural gas exploration company have appreciated by 20.31% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.06%, and the S&P 500's gain of 5.47%.
The investment community will be closely monitoring the performance of Ecopetrol in its forthcoming earnings report. The company is predicted to post an EPS of $0.6, indicating a 66.67% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.7 billion, up 2.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.44 per share and a revenue of $34.84 billion, indicating changes of 0% and +45.53%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ecopetrol. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.95% increase. Ecopetrol presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Ecopetrol is presently being traded at a Forward P/E ratio of 6.4. This indicates a discount in contrast to its industry's Forward P/E of 8.23.
We can additionally observe that EC currently boasts a PEG ratio of 0.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.58 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.