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Is Ecopetrol (EC) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research
Updated
Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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? One simple way to answer this question is to take a look at the year-to-date performance of EC and the rest of the Oils-Energy group's stocks.

Ecopetrol is one of 322 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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 three months, the Zacks Consensus Estimate for EC's full-year earnings has moved 33.76% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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According to our latest data, EC has moved about 41.97% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 3.10%. 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 #10 in the Zacks Industry Rank. Stocks in this group have gained about 16.69% so far this year, so EC is performing better this group in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track EC. The stock will be looking to continue its solid performance.


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