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Ecopetrol (EC) Stock Slides as Market Rises: Facts to Know Before You Trade
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Ecopetrol (EC - Free Report) closed at $17.24 in the latest trading session, marking a -2.49% move from the prior day. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.
The oil and natural gas exploration company's stock has climbed by 4.55% in the past month, falling short of the Oils-Energy sector's gain of 6.29% and outpacing the S&P 500's gain of 0.97%.
The upcoming earnings release of Ecopetrol will be of great interest to investors. On that day, Ecopetrol is projected to report earnings of $0.5 per share, which would represent year-over-year growth of 61.29%. In the meantime, our current consensus estimate forecasts the revenue to be $9.75 billion, indicating a 30.69% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.41 per share and revenue of $38.57 billion, indicating changes of +91.27% and +30.33%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 30.62% increase. Right now, Ecopetrol possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Ecopetrol is currently trading at a Forward P/E ratio of 7.34. This expresses a discount compared to the average Forward P/E of 7.7 of its industry.
It's also important to note that EC currently trades at a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.67 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Ecopetrol (EC) Stock Slides as Market Rises: Facts to Know Before You Trade
Ecopetrol (EC - Free Report) closed at $17.24 in the latest trading session, marking a -2.49% move from the prior day. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.
The oil and natural gas exploration company's stock has climbed by 4.55% in the past month, falling short of the Oils-Energy sector's gain of 6.29% and outpacing the S&P 500's gain of 0.97%.
The upcoming earnings release of Ecopetrol will be of great interest to investors. On that day, Ecopetrol is projected to report earnings of $0.5 per share, which would represent year-over-year growth of 61.29%. In the meantime, our current consensus estimate forecasts the revenue to be $9.75 billion, indicating a 30.69% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.41 per share and revenue of $38.57 billion, indicating changes of +91.27% and +30.33%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 30.62% increase. Right now, Ecopetrol possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Ecopetrol is currently trading at a Forward P/E ratio of 7.34. This expresses a discount compared to the average Forward P/E of 7.7 of its industry.
It's also important to note that EC currently trades at a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.67 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.