- Ecopetrol’s net income for the second quarter was COP1.81 trillion, which is a 46% decline compared to the previous year and below the estimated COP2.48 trillion.
- Sales reached COP29.67 trillion, marking a 9.1% decrease year-over-year and falling short of the estimated COP30.15 trillion.
- The company’s EBITDA was COP11.14 trillion, down by 21% from the previous year, and below the forecast of COP11.61 trillion.
- EBITDA margin decreased to 37.5%, from 43.1% the previous year.
- Ecopetrol reported an oil and gas output of 755.5 thousand barrels of oil equivalent per day (mboe/d).
- The average oil price per barrel during the quarter was $63, a reduction of 20% year-over-year, though slightly higher than the estimated $62.18.
- Analyst recommendations include 0 buys, 8 holds, and 3 sells.
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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
Based on the Smartkarma Smart Scores, Ecopetrol is positioned for a positive long-term outlook. The company excels in areas such as dividends and growth, with strong scores of 5 and 4, respectively. This indicates that Ecopetrol is committed to rewarding its investors through consistent dividend payments and is poised for future expansion and performance. Additionally, its resilience score of 3 suggests that the company is able to weather economic challenges effectively. While momentum is rated slightly lower at 2, the overall positive scores reflect a promising future for Ecopetrol.
With a diverse portfolio of oil fields, refineries, and transportation infrastructure across Colombia, Ecopetrol SA is well-positioned in the oil industry. The company’s strategic assets in various regions of Colombia, along with its focus on dividends and growth, contribute to its strong outlook. By maintaining a balance between value, growth, and resilience, Ecopetrol demonstrates a solid foundation for long-term success in the energy sector. Despite some fluctuations in momentum, the company’s overall smart scores indicate a bright future ahead.
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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