Ecopetrol (EC) Set to Announce Quarterly Earnings on Tuesday

Ecopetrol (NYSE:EC) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Ecopetrol to post earnings of $0.67 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ecopetrol (NYSE:EC) last issued its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter. Ecopetrol had a return on equity of 10.84% and a net margin of 14.77%. The business had revenue of $8.59 billion during the quarter. 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

EC opened at $11.54 on Friday. The stock’s 50 day moving average price is $11.45 and its 200 day moving average price is $11.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.58. Ecopetrol has a 12 month low of $8.59 and a 12 month high of $13.14.

Ecopetrol Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Ecopetrol Company Profile

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.