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Has Ecopetrol (EC) Outpaced Other Oils-Energy Stocks This Year?

Zacks Equity Research
Updated
MEET vs. WDAY: Which Stock Is the Better Value Option?

Investors focused on the Oils-Energy space have likely heard of Ecopetrol (EC), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Ecopetrol is one of 322 companies in the Oils-Energy group. The Oils-Energy group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. EC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for EC's full-year earnings has moved 33.76% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, EC has returned 69.38% so far this year. At the same time, Oils-Energy stocks have gained an average of 6.92%. This means that Ecopetrol is outperforming the sector as a whole this year.

Looking more specifically, EC belongs to the Oil and Gas - Integrated - Emerging Markets industry, which includes 3 individual stocks and currently sits at #25 in the Zacks Industry Rank. On average, this group has gained an average of 28.80% so far this year, meaning that EC is performing better in terms of year-to-date returns.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to EC as it looks to continue its solid performance.


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