Ecopetrol S.A. (EC)

NYSE: EC · IEX Real-Time Price · USD
12.77
-0.10 (-0.78%)
Nov 29, 2023, 11:25 AM EST - Market open
-0.78%
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]

Sector Energy
IPO Date Aug 27, 2007
Employees 18,903
Stock Exchange NYSE
Ticker Symbol EC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$12.02
(-5.87% downside)
Analyst Consensus: Hold
Stock Forecasts

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...

6 days ago - PRNewsWire

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 ...

9 days ago - PRNewsWire

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 ...

19 days ago - PRNewsWire

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 ...

20 days ago - PRNewsWire

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...

21 days ago - Reuters

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...

5 weeks ago - Reuters

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 ...

5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - Reuters

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:   ...

2 months ago - PRNewsWire

Moody's Investors Service affirmed Ecopetrol S.A.'s investment grade rating at Baa3

BOGOTA, Colombia , Sept. 28, 2023 /PRNewswire/ -- Ecopetrol S.A.

2 months ago - PRNewsWire

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...

2 months ago - Reuters

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...

2 months ago - Reuters

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...

2 months ago - Reuters

Ecopetrol announces adjustments to its 2040 Strategy, called "Energy that transforms"

BOGOTÁ, Colombia , Sept. 11, 2023 /PRNewswire/ -- Ecopetrol S.A.

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

3 months ago - Reuters

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.

3 months ago - Reuters

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

3 months ago - Reuters

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...

4 months ago - PRNewsWire

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.

4 months ago - Reuters