- Ecopetrol’s net income for the third quarter was COP 2.56 trillion, surpassing the estimated COP 2.21 trillion despite a 30% decline year-over-year (y/y).
- The company reported sales of COP 29.84 trillion, exceeding the estimated COP 27.83 trillion but still marking a 14% decrease y/y.
- EBITDA was recorded at COP 12.33 trillion, higher than the projected COP 11.79 trillion, reflecting a 12% decline y/y.
- The EBITDA margin improved to 41.3% from 40.4% in the previous year.
- Oil and gas output stood at 751.5 thousand barrels of oil equivalent per day, a slight decrease of 0.4% y/y.
- The average oil price per barrel was $64.30, down 13% y/y, yet above the expected $60.80.
- Analyst ratings include zero buy recommendations, nine hold positions, and two sell advice.
A look at Ecopetrol Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 shows a positive long-term outlook. With strong scores in Dividend and Momentum, the company is well-positioned to provide regular returns to its investors while also displaying steady growth potential. Additionally, Ecopetrol’s Resilience and Value scores suggest a solid foundation and reasonable valuation, indicating stability and attractiveness as an investment option. Despite average scores in Growth, Ecopetrol’s diversified interests in oil fields, refineries, and transportation network in Colombia provide a robust base for potential expansion and sustained performance.
Ecopetrol SA, an integrated oil company with key assets in various regions of Colombia, demonstrates a favorable overall outlook as per the Smartkarma Smart Scores assessment. The company’s strategic ownership of oil fields, refineries, and extensive transportation infrastructure positions it well for continued success. With high scores in Dividend and Momentum, Ecopetrol exhibits strong financial health and market momentum, which bodes well for consistent shareholder returns. Its Resilience and Value scores further underline its stability and reasonable pricing, making Ecopetrol an attractive prospect for long-term investors seeking a reliable and potentially rewarding opportunity.
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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