Ecopetrol (EC) Moves 10.0% Higher: Will This Strength Last?

Company Overview - Ecopetrol is Colombia's largest petroleum company, involved in the exploration, production, and transportation of oil and natural gas [2] - The company's stock rose by 10% to $8.95, following a broader market rally due to President Trump's decision to pause tariff hikes, which positively impacted oil and natural gas prices [1][2] Financial Performance - Ecopetrol is expected to report quarterly earnings of$0.58 per share, reflecting a year-over-year increase of 16% [3] - Revenue is anticipated to be $7.35 billion, which is a decrease of 7.9% compared to the same quarter last year [3] Market Sentiment and Stock Movement - The consensus EPS estimate for Ecopetrol has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive investor sentiment [4]