Ecopetrol S.A. (EC) Scheduled to Post Quarterly Earnings on Tuesday

Ecopetrol S.A. (NYSE:EC) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Shares of Ecopetrol S.A. (EC) traded up $0.53 during trading hours on Monday, hitting $11.75. 432,488 shares of the company were exchanged, compared to its average volume of 1,315,943. The company has a market capitalization of $23,066.47, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.12. Ecopetrol S.A. has a 12-month low of $7.65 and a 12-month high of $11.56. The company has a current ratio of 1.31, a quick ratio of 1.02 and a debt-to-equity ratio of 0.90.

A number of equities analysts recently commented on EC shares. J P Morgan Chase & Co upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 target price on the stock in a research report on Wednesday, October 25th. BidaskClub upgraded shares of Ecopetrol from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.20.

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About Ecopetrol

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

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