Ecopetrol (EC) to Release Quarterly Earnings on Wednesday

Ecopetrol (NYSE:EC - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.Miso Robotics stock: Is an IPO coming soon?Ecopetrol (NYSE:EC - Get Free Report) last announced its earnings results on Wednesday, August 14th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.15). Ecopetrol had a net margin of 13.92% and a return on equity of 9.42%. The company had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.49 billion. On average, analysts expect Ecopetrol to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year. Ecopetrol Price PerformanceShares of NYSE EC opened at $7.55 on Wednesday. Ecopetrol has a twelve month low of $7.52 and a twelve month high of $13.14. The company has a current ratio of 1.48, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 3.33 and a beta of 1.21. The firm has a 50-day moving average of $8.77 and a two-hundred day moving average of $10.41. Wall Street Analyst Weigh In2 Must-Have Specialized ETFs for the Long-Term InvestorA number of analysts have commented on EC shares. StockNews.com lowered shares of Ecopetrol from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th. The Goldman Sachs Group reduced their price objective on shares of Ecopetrol from $11.00 to $9.50 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ecopetrol from $8.50 to $7.50 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, Ecopetrol currently has an average rating of "Reduce" and an average target price of $8.50.Check Out Our Latest Research Report on EcopetrolEcopetrol Company Profile (Get Free Report)Ecolab: Slow And Steady Wins The Race 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.Further ReadingFive stocks we like better than EcopetrolInvesting in Construction StocksDiscover the 3 Best-Performing Biotech IPO Stocks of 2024What Are Dividend Achievers? An IntroductionHims & Hers: Why This Healthcare Stock’s Growth Makes It a Buy3 Grocery Stocks That Are Proving They Are Still Essential Astera Labs’ Big Stock Jump: Can the Growth Be Sustained?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ 625,000% Gain (From Crypto Swap Profits) (Ad)Should you invest $1,000 in Ecopetrol right now?Before you consider Ecopetrol, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ecopetrol wasn't on the list.While Ecopetrol currently has a "Strong Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here