Stock in Focus: Ecopetrol S.A. (NYSE: EC)

On Friday, Shares of Ecopetrol S.A. (NYSE: EC) rose 2.25% to $20.49. The stock recorded $19.94 as its minimum price and hit the max level of $20.52, during its most recent trading session. It traded total volume of 1.37M shares lower than the average volume of 1.46M shares.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) declared recently the financial results of the Business Group for the first quarter of 2018, prepared in accordance with International Financial Reporting Standards applicable in Colombia.

The financial results for the first quarter of 2018 were the best of the past four years. It is highlighted the EBITDA of COP 7.10T and the EBITDA margin of 49%. Net profit totaled COP 2.60T and net margin came in at 18%. We are maintaining a solid cash position at COP 16.60T and a Gross Debt / EBITDA ratio of 1.7x, reflecting i) greater efficiency and cost reductions through the transformation plan, ii) capital discipline, iii) stabilization of the Cartagena Refinery, and iv) better crude prices and margins as compared to the Brent price.

EC has the market capitalization of $41.34B and its EPS growth ratio for the past five years was -14.70%. The return on assets ratio of the Company was 7.10% while its return on investment ratio stands at 10.80%. Price to sales ratio was 2.16 while 3.20% of the stock was owned by institutional investors.

Chad Pitman

Chad Pitman

I am Chad Pitman and I focus on breaking news stories and ensuring we (“Stocks Market Cap”) offer timely reporting on some of the most recent stories released through market wires about “Emerging Stocks”. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for specializing in quicker moving active shares with a short term view on investment opportunities and trends.