Ecopetrol (EC) to Release Quarterly Earnings on Tuesday

Ecopetrol (NYSE:EC - Get Free Report) is anticipated to issue its Q1 2025 quarterly 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 Trading Down 2.2 %

Shares of Ecopetrol stock traded down $0.19 on Tuesday, hitting $8.29. 1,809,333 shares of the company traded hands, compared to its average volume of 2,369,796. Ecopetrol has a 52 week low of $7.21 and a 52 week high of $12.67. The company has a market cap of $17.03 billion, a PE ratio of 3.97 and a beta of 0.86. The stock's 50 day moving average price is $9.61 and its 200-day moving average price is $8.80. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

Ecopetrol Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a $0.5202 dividend. This represents a yield of 34.2%. The ex-dividend date of this dividend is Monday, April 28th. Ecopetrol's dividend payout ratio (DPR) is presently 79.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EC. StockNews.com lowered shares of Ecopetrol from a "buy" rating to a "hold" rating in a report on Monday, March 17th. JPMorgan Chase & Co. raised Ecopetrol from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $7.50 to $9.50 in a research report on Thursday, February 13th. Finally, Citigroup upgraded Ecopetrol from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $14.00 in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Ecopetrol has a consensus 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.

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.