- Ecopetrol’s net income for the fourth quarter was COP3.90 trillion, which fell short of the analysts’ estimates of COP3.97 trillion and represents a 7.8% decline year over year.
- Sales for the fourth quarter were COP34.79 trillion, matching last year’s numbers but exceeding the estimate of COP34.18 trillion.
- EBITDA for the quarter was COP11.88 trillion, a decrease of 3.1% year over year, and below the estimate of COP11.95 trillion.
- The EBITDA margin for the fourth quarter was 34.1%, down from 35.2% in the previous year.
- Oil and gas output was 730.1 mboe/d, marking a 3.7% decline compared to the previous year.
- The average oil price per barrel was $67.50, showing a 14% decrease year over year but slightly above the estimated $67.30.
- For the full year of 2024, Ecopetrol’s net income totaled COP14.94 trillion.
- CEO Ricardo Roa highlighted the company’s ‘robust’ operating results for 2024 and noted plans to enhance efficiencies and strengthen traditional business areas in 2025, aiming to aid the energy transition.
- Ecopetrol contributed COP42 trillion to shareholders, as reported by CEO Ricardo Roa.
- Current market recommendations for Ecopetrol include 0 buys, 7 holds, and 4 sells.
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A look at Ecopetrol Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| 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
Based on the Smartkarma Smart Scores, Ecopetrol, an integrated oil company, seems to have a positive long-term outlook. With a high Dividend score of 5 and solid scores in Growth and Momentum, the company appears to be in a good position for future returns. The Value score, although not the highest, indicates a decent valuation, while the Resilience score of 3 shows stability in the face of market challenges. Ecopetrol owning interests in various oil fields in Colombia, along with refineries, ports, and a transportation network, positions it well for continued growth and performance.
Ecopetrol SA, known for its presence in oil production and refining sectors in Colombia, showcases promising prospects for investors in the coming years. Smartkarma’s ratings signal positive signs for the company, with strengths in Dividend payouts, Growth opportunities, and Momentum in the market. The company’s resilience, despite a moderate score, suggests a stable foundation. With a diversified portfolio across oil fields and infrastructure assets, Ecopetrol seems well-equipped to navigate the evolving energy landscape and deliver value to its stakeholders in the long run.
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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