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Ecopetrol (EC) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Ecopetrol (EC - Free Report) closed at $16.96, marking a -1.68% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.45%.
Shares of the oil and natural gas exploration company have by 0% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.73%, and lagging the S&P 500's gain of 0.84%.
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 $0.5 per share, which would represent year-over-year growth of 61.29%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.75 billion, indicating a 30.69% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.08 per share and a revenue of $38.57 billion, indicating changes of +65.08% and +30.33%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ecopetrol. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 12.47% higher. Ecopetrol currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Ecopetrol is currently exchanging hands at a Forward P/E ratio of 8.31. This represents no noticeable deviation compared to its industry average Forward P/E of 8.31.
One should further note that EC currently holds a PEG ratio of 1.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.6 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Ecopetrol (EC) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Ecopetrol (EC - Free Report) closed at $16.96, marking a -1.68% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.45%.
Shares of the oil and natural gas exploration company have by 0% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.73%, and lagging the S&P 500's gain of 0.84%.
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 $0.5 per share, which would represent year-over-year growth of 61.29%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.75 billion, indicating a 30.69% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.08 per share and a revenue of $38.57 billion, indicating changes of +65.08% and +30.33%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ecopetrol. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 12.47% higher. Ecopetrol currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Ecopetrol is currently exchanging hands at a Forward P/E ratio of 8.31. This represents no noticeable deviation compared to its industry average Forward P/E of 8.31.
One should further note that EC currently holds a PEG ratio of 1.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.6 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.