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

Zacks Equity Research
Let's check out the reasons behind Pentair's (PNR) decline and consider why it is advisable to stay away from investing in this stock in the near term.

Investors focused on the Oils-Energy space have likely heard of Ecopetrol S.A. (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 S.A. is a member of our Oils-Energy group, which includes 333 different companies and currently sits at #9 in 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 #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for EC's full-year earnings has moved 10.44% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, EC has gained about 48.46% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.17% on a year-to-date basis. As we can see, Ecopetrol S.A. is performing better than its sector in the calendar year.

Looking more specifically, EC belongs to the Oil and Gas - Integrated - Emerging Markets industry, which includes 3 individual stocks and currently sits at #3 in the Zacks Industry Rank. On average, stocks in this group have gained 31.15% 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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