Ecopetrol Balance Sheet Analysis From 2010 to 2024

EC Stock  USD 11.84  0.51  4.50%   
Most indicators from Ecopetrol's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into Ecopetrol SA ADR current financial condition. On the other hand, looking into the entire matrix of financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Ecopetrol Valuation and Ecopetrol Correlation analysis.
  
The current year's Selling General Administrative is expected to grow to about 9.8 T. The current year's Tax Provision is expected to grow to about 19.8 T
Most indicators from Ecopetrol's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ecopetrol SA ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Ecopetrol Valuation and Ecopetrol Correlation analysis.
The current year's Selling General Administrative is expected to grow to about 9.8 T. The current year's Tax Provision is expected to grow to about 19.8 T
 2021 2022 2023 2024 (projected)
Gross Profit36.2T70.0T31.8T23.4T
Total Revenue91.7T159.5T123.1T64.8T

Ecopetrol fundamental ratios Correlations

0.50.190.490.640.40.590.460.270.610.550.540.280.330.530.350.580.020.430.460.20.040.450.620.440.3
0.50.660.960.760.890.710.950.750.790.810.870.710.790.740.960.48-0.130.970.97-0.09-0.380.990.940.990.94
0.190.660.740.680.310.130.450.830.510.520.50.910.230.360.69-0.26-0.40.510.570.530.260.580.50.730.71
0.490.960.740.810.790.670.880.830.840.80.840.720.630.710.950.39-0.190.880.94-0.01-0.290.930.880.970.89
0.640.760.680.810.470.720.590.750.940.870.850.570.450.750.650.32-0.20.60.670.30.040.660.690.740.58
0.40.890.310.790.470.690.940.540.610.620.750.450.90.610.880.690.020.950.94-0.43-0.660.930.890.850.87
0.590.710.130.670.720.690.750.360.850.820.860.10.690.820.590.780.10.710.69-0.32-0.470.710.740.640.49
0.460.950.450.880.590.940.750.560.690.750.830.540.840.730.930.64-0.010.990.95-0.3-0.560.980.930.930.91
0.270.750.830.830.750.540.360.560.70.650.640.710.440.540.780.06-0.220.610.770.20.010.680.590.810.76
0.610.790.510.840.940.610.850.690.70.910.920.40.570.810.710.53-0.140.670.750.01-0.190.730.720.760.61
0.550.810.520.80.870.620.820.750.650.910.930.450.670.930.720.51-0.070.740.740.0-0.210.770.730.790.68
0.540.870.50.840.850.750.860.830.640.920.930.470.740.830.80.61-0.130.830.83-0.07-0.330.850.80.830.75
0.280.710.910.720.570.450.10.540.710.40.450.470.340.310.71-0.16-0.370.610.620.440.10.650.630.740.78
0.330.790.230.630.450.90.690.840.440.570.670.740.340.640.730.61-0.040.860.8-0.38-0.560.820.760.730.78
0.530.740.360.710.750.610.820.730.540.810.930.830.310.640.640.620.310.710.71-0.21-0.390.720.720.730.6
0.350.960.690.950.650.880.590.930.780.710.720.80.710.730.640.41-0.150.940.97-0.13-0.40.970.870.980.97
0.580.48-0.260.390.320.690.780.640.060.530.510.61-0.160.610.620.410.370.580.56-0.6-0.680.540.610.410.33
0.02-0.13-0.4-0.19-0.20.020.1-0.01-0.22-0.14-0.07-0.13-0.37-0.040.31-0.150.37-0.05-0.05-0.53-0.47-0.090.0-0.11-0.19
0.430.970.510.880.60.950.710.990.610.670.740.830.610.860.710.940.58-0.050.96-0.25-0.530.990.940.940.94
0.460.970.570.940.670.940.690.950.770.750.740.830.620.80.710.970.56-0.050.96-0.21-0.470.980.920.970.93
0.2-0.090.53-0.010.3-0.43-0.32-0.30.20.010.0-0.070.44-0.38-0.21-0.13-0.6-0.53-0.25-0.210.9-0.2-0.16-0.06-0.08
0.04-0.380.26-0.290.04-0.66-0.47-0.560.01-0.19-0.21-0.330.1-0.56-0.39-0.4-0.68-0.47-0.53-0.470.9-0.48-0.47-0.35-0.36
0.450.990.580.930.660.930.710.980.680.730.770.850.650.820.720.970.54-0.090.990.98-0.2-0.480.950.970.95
0.620.940.50.880.690.890.740.930.590.720.730.80.630.760.720.870.610.00.940.92-0.16-0.470.950.910.84
0.440.990.730.970.740.850.640.930.810.760.790.830.740.730.730.980.41-0.110.940.97-0.06-0.350.970.910.96
0.30.940.710.890.580.870.490.910.760.610.680.750.780.780.60.970.33-0.190.940.93-0.08-0.360.950.840.96
Click cells to compare fundamentals

Ecopetrol Account Relationship Matchups

Ecopetrol fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets135.4T139.4T244.3T306.4T282.3T296.4T
Other Current Liab752B423B6.3T13.3T11.9T12.5T
Other Liab15.1T20.1T23.5T34.4T39.6T41.5T
Net Debt31.2T41.6T80.5T99.7T93.5T98.2T
Retained Earnings12.3T669.9B14.9T29.8T20.6T21.6T
Accounts Payable10.7T8.4T13.6T19.9T13.7T8.5T
Cash7.1T5.1T14.6T15.4T12.3T7.7T
Other Assets10.4T13.2T35.9T17.2T19.8T20.8T
Net Receivables7.2T8.8T24.7T46.0T39.1T41.0T
Inventory5.7T5.1T8.4T11.9T10.8T11.3T
Other Current Assets1.8T1.7T2.3T2.8T4.6T2.8T
Total Liab75.1T83.6T150.5T187.3T179.2T188.1T
Total Current Assets23.4T22.8T51.7T77.3T68.6T72.0T
Intangible Assets483B555B15.0T18.1T20.9T21.9T
Long Term Debt33.2T41.8T85.9T92.9T106.9T112.2T
Short Term Debt5.0T4.9T9.2T22.2T15.6T16.3T
Net Tangible Assets55.9T55.0T51.5T51.3T58.9T47.0T
Short Long Term Debt5.0T4.9T9.2T22.2T25.5T26.8T
Long Term Debt Total33.2T41.8T85.9T92.9T106.9T55.6T

Ecopetrol Investors Sentiment

The influence of Ecopetrol's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ecopetrol. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Ecopetrol's public news can be used to forecast risks associated with an investment in Ecopetrol. The trend in average sentiment can be used to explain how an investor holding Ecopetrol can time the market purely based on public headlines and social activities around Ecopetrol SA ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ecopetrol's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ecopetrol's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ecopetrol's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ecopetrol.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ecopetrol in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ecopetrol's short interest history, or implied volatility extrapolated from Ecopetrol options trading.

Pair Trading with Ecopetrol

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ecopetrol position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ecopetrol will appreciate offsetting losses from the drop in the long position's value.

Moving against Ecopetrol Stock

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The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ecopetrol - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ecopetrol can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ecopetrol SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ecopetrol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ecopetrol Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ecopetrol Sa Adr Stock:
Check out Ecopetrol Valuation and Ecopetrol Correlation analysis.
Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Ecopetrol Stock analysis

When running Ecopetrol's price analysis, check to measure Ecopetrol's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
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Is Ecopetrol's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Earnings Share
2.47
Revenue Per Share
34.8 K
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0881
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.