Ecopetrol (EC) Scheduled to Post Earnings on Tuesday

Ecopetrol (NYSE:EC) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Ecopetrol (NYSE:EC) last announced its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.74 earnings per share for the quarter. The firm had revenue of $8.59 billion during the quarter. Ecopetrol had a net margin of 14.77% and a return on equity of 10.84%. On average, analysts expect Ecopetrol to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ecopetrol Price Performance

Ecopetrol stock opened at $11.54 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. Ecopetrol has a 52-week low of $8.59 and a 52-week high of $13.14. The company’s 50 day moving average is $11.45 and its two-hundred day moving average is $11.89.

Ecopetrol Cuts Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 25th will be paid a dividend of $0.7999 per share. The ex-dividend date is Tuesday, June 25th. This represents a yield of 19.5%. Ecopetrol’s payout ratio is 92.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EC shares. Morgan Stanley cut Ecopetrol from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $11.00 to $8.50 in a research note on Monday, March 4th. JPMorgan Chase & Co. decreased their price target on shares of Ecopetrol from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.27.

About Ecopetrol

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.