- Net Income: COP3.38 trillion, down 17% year-on-year, missing the estimate of COP4.24 trillion.
- Sales: COP32.63 trillion, down 4.9% year-on-year, below the estimate of COP33.42 trillion.
- EBITDA: COP14.05 trillion, down 3.7% year-on-year, slightly below the estimate of COP14.28 trillion.
- EBITDA Margin: 43.1%, compared to 42.5% year-on-year.
- Capital Expenditure: $4.63 trillion.
- Oil & Gas Output: 758.2 mboe/d, up 4.1% year-on-year.
- Average Oil Price per Barrel: $78.70, up 15% year-on-year, beating the estimate of $73.45.
- Analyst Ratings: 0 buys, 9 holds, 2 sells.
A look at Ecopetrol Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts indicate a promising long-term outlook for Ecopetrol, as evidenced by its robust Smartkarma Smart Scores. With a perfect score in both Dividend and Growth categories, the company shows strength in providing consistent payouts to investors while also demonstrating strong potential for future expansion and profitability. The company’s resilience score of 3 suggests a decent ability to weather economic uncertainties, further solidifying its position in the market. Additionally, a momentum score of 4 indicates positive trending performance, highlighting investor interest and potential for further growth.
As an integrated oil company with a significant presence in key regions of Colombia, Ecopetrol is strategically positioned with ownership in various oil producing fields, refineries, and a comprehensive transportation network. This diversified portfolio allows the company to capitalize on opportunities across the energy sector and maintain a competitive edge in the market. Overall, Ecopetrol’s favorable Smart Scores and robust business model present a promising outlook for the company’s long-term success in the oil and gas industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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