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Ecopetrol (EC) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Ecopetrol (EC - Free Report) closed at $14.47, marking a -1.56% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Heading into today, shares of the oil and natural gas exploration company had lost 2.97% over the past month, outpacing the Oils-Energy sector's loss of 7.89% and lagging the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Ecopetrol in its upcoming earnings disclosure. On that day, Ecopetrol is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 419.05%. Simultaneously, our latest consensus estimate expects the revenue to be $9.58 billion, showing a 35.06% escalation compared to the year-ago quarter.
EC's full-year Zacks Consensus Estimates are calling for earnings of $2.31 per share and revenue of $34.84 billion. These results would represent year-over-year changes of +83.33% and +17.7%, respectively.
Investors should also note any recent changes to analyst estimates for Ecopetrol. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.96% upward. Currently, Ecopetrol is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Ecopetrol is holding a Forward P/E ratio of 6.36. This represents a discount compared to its industry average Forward P/E of 7.31.
It's also important to note that EC currently trades at a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.58 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
View the Zacks #1 Rank List
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Ecopetrol (EC) Stock Dips While Market Gains: Key Facts
In the latest trading session, Ecopetrol (EC - Free Report) closed at $14.47, marking a -1.56% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Heading into today, shares of the oil and natural gas exploration company had lost 2.97% over the past month, outpacing the Oils-Energy sector's loss of 7.89% and lagging the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Ecopetrol in its upcoming earnings disclosure. On that day, Ecopetrol is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 419.05%. Simultaneously, our latest consensus estimate expects the revenue to be $9.58 billion, showing a 35.06% escalation compared to the year-ago quarter.
EC's full-year Zacks Consensus Estimates are calling for earnings of $2.31 per share and revenue of $34.84 billion. These results would represent year-over-year changes of +83.33% and +17.7%, respectively.
Investors should also note any recent changes to analyst estimates for Ecopetrol. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.96% upward. Currently, Ecopetrol is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Ecopetrol is holding a Forward P/E ratio of 6.36. This represents a discount compared to its industry average Forward P/E of 7.31.
It's also important to note that EC currently trades at a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.58 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.