Ecopetrol S.A. (EC)
| Market Cap | 26.24B |
| Revenue (ttm) | 32.91B |
| Net Income (ttm) | 6.52B |
| Shares Out | 2.06B |
| EPS (ttm) | 3.87 |
| PE Ratio | 5.42 |
| Forward PE | 3.90 |
| Dividend | $3.31 (25.92%) |
| Ex-Dividend Date | Dec 19, 2023 |
| Volume | 762,292 |
| Open | 12.91 |
| Previous Close | 12.87 |
| Day's Range | 12.70 - 12.95 |
| 52-Week Range | 8.59 - 13.08 |
| Beta | 0.80 |
| Analysts | Hold |
| Price Target | 12.02 (-5.87%) |
| Earnings Date | Nov 7, 2023 |
About EC
Ecopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supp... [Read more]
Financial Performance
In 2022, Ecopetrol's revenue was 159.61 trillion, an increase of 73.71% compared to the previous year's 91.88 trillion. Earnings were 31.60 trillion, an increase of 101.96%.
Financial numbers in COP Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for EC stock is "Hold." The 12-month stock price forecast is $12.02, which is a decrease of -5.87% from the latest price.
News
Ecopetrol announces new Senior Management appointments
BOGOTÁ, Colombia , Nov. 22, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announces changes in its senior management team of the Upstream Vice-Presidency to meet challen...
Fitch Ratings maintains Ecopetrol S.A.'s rating at BB+, with a stable outlook
BOGOTÁ, Colombia , Nov. 20, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") reports that the rating agency Fitch Ratings affirmed the Company's long-term ...
Ecopetrol's third quarter 2023 results
BOGOTÁ, Colombia , Nov. 9, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the third quarter and cumulative year to date for ...
Ecopetrol refers to the information disclosed today, November 8, 2023, by a news website about a General Shareholders' Meeting of Ecopetrol S.A.
BOGOTÁ, Colombia , Nov. 9, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") informs that today the news website www.bluradio.com reported the convening of an extraordinary ...
Colombia's Ecopetrol posts slump in Q3 net profits as oil production grows
Colombia's majority state-owned oil firm Ecopetrol on Tuesday posted third-quarter net profit that was down 47% from a year earlier, citing crude prices that lagged behind 2022 highs while output kept...
Ecopetrol CEO says oil industry's future not threatened by energy transition
Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol CEO Ricardo Roa said on Tuesday, in response to a union statement which alleged executive dec...
Drilling of deepwater Glaucus-1 well confirms extension of gas province in the Colombian Caribbean
BOGOTÁ, Colombia , Oct. 19, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the southern ...
Ecopetrol reports that Luis Felipe Rivera has been appointed as Vice President of Science, Technology, and Innovation
BOGOTÁ, Colombia , Oct. 14, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, during its meeting held on October 13, 2023, appointed Luis Felipe River...
Ecopetrol Group presents its third specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)
BOGOTÁ, Colombia , Oct. 10, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its third TCFD report as of December 31, 2022, which highlights progress in str...
Colombia government to pay $2 bln to Ecopetrol to support fuel fund
Colombia will pay majority state-owned oil company Ecopetrol more than 8 trillion pesos (about $2 billion) for its cash contribution to the Fuel Price Stabilization Fund (FEPC) corresponding to the th...
Ecopetrol informs appointments in senior management and legal representation
BOGOTÁ, Colombia , Oct. 2, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) informs that the Board of Directors, in its meeting on September 29, 2023, made the following appointments: ...
Moody's Investors Service affirmed Ecopetrol S.A.'s investment grade rating at Baa3
BOGOTA, Colombia , Sept. 28, 2023 /PRNewswire/ -- Ecopetrol S.A.
Colombia's Ecopetrol unit asks New York judge to freeze CB&I assets
Refineria de Cartagena (Reficar), a refinery belonging to Colombia's majority state-owned oil company Ecopetrol , has asked a New York federal judge to freeze certain assets of CB&I, a McDermott Inter...
Ecopetrol aims to be energy self-sufficient through renewables -CEO
Colombia's state-run energy company Ecopetrol will seek to become a player in clean and renewable energy generation to meet its own demand while also promoting the South American country's energy tran...
Exclusive: Colombia mulls making Ecopetrol mandatory partner in offshore wind farms
Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told...
Ecopetrol announces adjustments to its 2040 Strategy, called "Energy that transforms"
BOGOTÁ, Colombia , Sept. 11, 2023 /PRNewswire/ -- Ecopetrol S.A.
Ecopetrol announces the date of the next Investor Day on Strategy 2040, called "Energy that Transforms".
BOGOTÁ, Colombia , Sept. 6, 2023 /PRNewswire/ -- Ecopetrol S.A.
Ecopetrol S.A. obtains authorization to execute loan with international banks for up to USD 1 billion
BOGOTA, Colombia , Aug. 29, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its comprehensive debt management strategy, it has been granted authorization by t...
Colombia authorizes oil producer Ecopetrol to arrange $1 bln loan
Colombia's Ministry of Finance has authorized state-controlled energy company Ecopetrol to arrange a line of credit worth up to $1 billion with international lenders, the company said on Monday.
Colombia's Ecopetrol may restart exploration on eight suspended contracts
Colombia's majority state-owned oil company Ecopetrol is looking at the possibility of restarting exploration at eight suspended oil and gas contracts, chief executive Ricardo Roa said on Wednesday.
Ecopetrol announces senior management changes
BOGOTA, Colombia , Aug. 17, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, to strengthen the team facing the new challenges of the Company, in its board of directors me...
Ecopetrol S.A. prepays its 10-year Notes due September 2023
BOGOTA, Colombia , Aug. 10, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that the redemption price of the notes issued in 2013, maturing in September 2023, was...
Colombia's Ecopetrol hails new oil and gas discovery
Colombia's majority state-owned oil company Ecopetrol on Thursday reported a new oil and gas discovery in Putumayo province.
Ecopetrol Group's financial results for the second quarter and cumulative year to date for 2023
BOGOTÁ, Colombia , Aug. 8, 2023 /PRNewswire/ -- The following is a statement from Ricardo Roa Barragán, President of Ecopetrol S.A.: Thanks to the efforts of our world-class team, it is an honor to pr...
Colombia's Ecopetrol posts 61% drop in second quarter net profit
Colombia's national oil company Ecopetrol reported on Tuesday its second-quarter net profit slid 61% from the year-earlier period to settle at 4.087 trillion pesos.