Ecopetrol (EC) to Release Quarterly Earnings on Tuesday

Ecopetrol (NYSE:EC - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $31,778.85 billion for the quarter.

Ecopetrol Stock Up 0.9 %

EC stock traded up $0.07 during mid-day trading on Friday, hitting $8.13. 3,711,302 shares of the company were exchanged, compared to its average volume of 2,399,980. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. Ecopetrol has a 1-year low of $7.21 and a 1-year high of $12.67. The firm's 50 day simple moving average is $9.42 and its 200 day simple moving average is $8.79. The firm has a market cap of $16.71 billion, a P/E ratio of 3.89 and a beta of 0.86.

Ecopetrol Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a dividend of $0.5202 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 34.2%. Ecopetrol's payout ratio is 72.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup upgraded Ecopetrol from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.00 to $14.00 in a report on Tuesday, February 18th. StockNews.com lowered Ecopetrol from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised Ecopetrol from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $7.50 to $9.50 in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Ecopetrol has an average rating of "Hold" and an average target price of $11.00.

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.