Ecopetrol Gains 1.36% to $12.67 as Analysts Forecast 25.8% EPS Decline
Shares rose 1.36% to $12.67, outpacing the S&P 500’s 1.04% drop, while remaining flat month-to-date versus the 14.3% Oils-Energy sector gain. Analysts forecast March 4 EPS of $0.23 (–25.8% y/y) on $7.02B revenue (–12.3%), with full-year EPS of $1.10 (–33.7%) and $29.04B sales (–11.3%).
1. Stock Performance
Ecopetrol closed at $12.67 on February 23, rising 1.36% compared to the S&P 500’s 1.04% decline. The share price is unchanged over the past month while the Oils-Energy sector advanced 14.3%.
2. Earnings Forecast
Analysts expect Ecopetrol to report first-quarter EPS of $0.23 on March 4, a 25.8% decline from year-ago levels, on revenue of $7.02 billion, down 12.3%. Full-year estimates call for $1.10 EPS (–33.7%) and $29.04 billion sales (–11.3%).
3. Valuation and Rating
Ecopetrol trades at a forward P/E of 11.79, below the 12.72 industry average, suggesting a valuation discount. Analysts maintain a hold rating and the Oil & Gas Integrated International industry ranks in the bottom 28% globally.