- Ecopetrol’s third-quarter net income was COP 3.65 trillion, exceeding estimates of COP 3.56 trillion, though it fell 28% year-over-year.
- The company’s sales reached COP 34.61 trillion, a slight decrease of 1.5% from the previous year, but still above the estimated COP 32.93 trillion.
- EBITDA came in at COP 13.98 trillion, which is lower by 13% year-over-year; however, it surpassed estimates of COP 13.01 trillion.
- Ecopetrol’s EBITDA margin decreased to 40.4% compared to 45.7% in the same quarter last year.
- The oil and gas output averaged 754.4 thousand barrels of oil equivalent per day, marking an increase of 1.8% from the previous year.
- The average oil price per barrel was $74, which is a 4.9% decrease year-over-year but slightly above the estimated price of $73.08.
- Analyst recommendations for Ecopetrol’s stock include 0 buys, 6 holds, and 5 sells.
A look at Ecopetrol Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
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 have provided insight into the long-term outlook for Ecopetrol, the integrated oil company based in Colombia. With a strong focus on dividends and growth, Ecopetrol has been rated high in these areas, scoring 5 for dividends and 4 for growth on the Smartkarma Smart Scores. This indicates a positive indication for investors looking for consistent dividends and potential growth opportunities in the energy sector.
However, challenges may lie in the areas of value, resilience, and momentum where Ecopetrol scored lower. While the company has a solid foundation in oil-producing fields and a network of pipelines across Colombia, its valuation, resilience to market fluctuations, and momentum for future growth may be areas of concern for investors seeking a more well-rounded investment option.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
