Previous Close | 9.08 |
Open | 9.19 |
Bid | 0.00 x 1400 |
Ask | 0.00 x 2200 |
Day's Range | 9.17 - 9.57 |
52 Week Range | 8.59 - 17.60 |
Volume | |
Avg. Volume | 2,218,014 |
Market Cap | 19.386B |
Beta (5Y Monthly) | 0.79 |
PE Ratio (TTM) | 2.88 |
EPS (TTM) | 3.28 |
Earnings Date | N/A |
Forward Dividend & Yield | 3.31 (35.98%) |
Ex-Dividend Date | Sept 26, 2023 |
1y Target Est | 12.86 |
(Bloomberg) -- Colombia’s Finance Ministry is planning to pay off in full its $5.8 billion debt with state-controlled oil producer Ecopetrol SA, according to a person with direct knowledge of the matter.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking
Colombia's majority state-owned oil company Ecopetrol on Tuesday reported its first-quarter net profit fell 14% from a year earlier, as its cost of sales rose and crude oil prices slid over the start of 2023. Costs of sales jumped 27% in the quarter, the company said in a statement, citing higher electricity and transport costs, while crude oil prices suffered from slower Chinese demand, certain OPEC decisions, higher U.S. stocks and interest rate hikes. "In our hydrocarbons segment, we highlight a good operating performance based on an increase in production, refining margins and profits, and transported volumes," new Chief Executive Ricardo Roa said in a statement.
Exxon Mobil Corp is in talks with Colombia's government in hopes of recovering its investment in a fracking pilot project as the U.S. oil major prepares to ditch upstream operations in the Andean country where the government is pushing through a fracking ban, two sources close to the discussions told Reuters. Exxon has held eight exploration and production contracts in Colombia, including the fracking pilot. All either have been or are being ended, suspended or liquidated, Colombia's National Hydrocarbon Agency (ANH) told Reuters.
Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters. Companies have proposed reactivating a dormant gas pipeline that connects Venezuela's Western region with Colombia using a concession granted by Venezuela's state-run PDVSA, which financed and built the 16-year-old line. "There is gas potential in Colombia," Bayon told Reuters in an interview on the sidelines of the CERAWeek energy conference in Houston.
Colombia's majority state-owned oil company Ecopetrol on Tuesday reported record net profit of 33.4 trillion pesos ($6.9 billion) for 2022, double the previous year, boosted by higher oil prices and greater-than-expected production. Ecopetrol also reported a fourth-quarter net profit of 6.85 trillion pesos, up 13% from a year earlier. "During 2022 Ecopetrol continued to deliver historic operating and financial results which were superior to those forecast at the start of the year," Ecopetrol Chief Executive Felipe Bayon said in a statement.
Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. Bayon's departure represents a shake-up for Colombia's biggest company and largest producer of oil - one of the Andean country's most important exports - during a drive by leftist President Gustavo Petro to accelerate the transition toward renewable energy. Choosing Bayon's replacement will involve a rigorous selection process by the company's board of directors, the company said in a statement.
Colombia's majority state-owned oil company Ecopetrol on Tuesday said it has secured a $1 billion loan with international banks as part of its 2023 debt refinancing program. The Bank of Nova Scotia will supply $700 million of the loan, while Sumitomo Mitsui Banking Corp will supply $300 million, Ecopetrol said in a statement. The loan has a term of five years, with repayments due in four semi-annual installments during its last two years, as well as a variable interest rate based on the secured overnight financing rate plus 210 basis points, Ecopetrol said.
Colombia's majority state-owned oil company Ecopetrol will invest up to around 30 trillion pesos ($6.2 billion) in 2023, it said on Friday, with the main focus on energy security rather than energy transition. The company has seen soaring profits in 2022 amid higher oil prices and a strong U.S dollar. Third-quarter net profits more than doubled to 9.51 trillion pesos, Ecopetrol reported last month.
Colombia's majority state-owned oil company Ecopetrol will invest up to around 30 trillion pesos ($6.2 billion) in 2023, it said on Friday, with the main focus on energy security rather than energy transition. The company has seen soaring profits in 2022 amid higher oil prices and a strong U.S dollar. Third-quarter net profits more than doubled to 9.51 trillion pesos, Ecopetrol reported last month.
BOGOTA (Reuters) -Colombian state oil company Ecopetrol on Tuesday reported its third-quarter net profit more than doubled to 9.51 trillion pesos ($1.90 billion), rising 150% from a year earlier, as production returned to levels not seen since before the coronavirus pandemic. "The operational and commercial performance, added to a favorable international crude oil price, allowed us to achieve better realization prices for our crude," Ecopetrol Chief Executive Felipe Bayon said in the filing. Ecopetrol's output was battered during the pandemic as global appetite for oil slumped.
EC, KLBAY and TH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 6, 2022.
EC, BCC and BLDR made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 4, 2022.
CHS, PUMP, TRGP, EC, and RWEOY have been added to the Zacks Rank #1 (Strong Buy) List on October 4, 2022.
Argentine authorities have arrested a woman suspected of participating in the organization of the failed assassination attempt on Vice President Cristina Fernandez de Kirchner almost two weeks ago, according to local media reports. The arrest was made after information about the new suspect was found on the cell phone of the partner of alleged gunman Fernando Sabag Montiel, according to reports by leading newspapers Clarin and La Nacion.
Colombia's majority state-owned oil company Ecopetrol reported record net profit for both the second quarter and the first half of 2022 on Wednesday after earnings benefited from soaring prices and increased production. Ecopetrol's net profit for the three months to June 30 stood at 10.5 trillion pesos ($2.4 billion), the company said, while first-half net profit leapt to 17 trillion pesos, versus 6.8 trillion pesos in the year-earlier period. The company reported net profit of 16.7 trillion pesos for 2021.
In the latest trading session, Ecopetrol (EC) closed at $9.92, marking a +1.85% move from the previous day.
Ecopetrol (EC) closed at $10.18 in the latest trading session, marking a -0.2% move from the prior day.
In the latest trading session, Ecopetrol (EC) closed at $9.96, marking a -0.99% move from the previous day.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
WMT, EC, and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on June 30, 2022.
Colombia elected a leftist anti-oil president, which isn't good news for the state-run oil company.
Investigative fracking operations in Colombia can go ahead after a court in the Andean country's Santander province on Thursday reversed a lower court's decision to block two pilot projects. Commercial development of non-conventional energy deposits - such as by hydraulic fracturing, or fracking for hydrocarbons - is not currently permitted in Colombia, but the country's highest administrative court has allowed pilot projects to go ahead while it considers the issue. Majority state-owned Colombian oil company Ecopetrol and U.S. partner Exxon Mobil Corp are undertaking both pilot projects, with Ecopetrol serving as operator.