Ecopetrol (EC) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" EC shares.
View EC analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12 month price objectives for Ecopetrol's shares. Their EC share price forecasts range from $11.20 to $13.90. On average, they predict the company's stock price to reach $12.35 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for EC or view top-rated stocks among Wall Street analysts.

Ecopetrol's stock was trading at $10.47 at the beginning of the year. Since then, EC shares have increased by 10.8% and is now trading at $11.60.
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Ecopetrol saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,950,000 shares, an increase of 6.1% from the August 15th total of 6,550,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 0.3% of the shares of the company are sold short.
View Ecopetrol's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our EC earnings forecast.

Ecopetrol S.A. (NYSE:EC) issued its earnings results on Tuesday, August, 8th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.08. The oil and gas company earned $7.75 billion during the quarter, compared to analysts' expectations of $7.95 billion. Ecopetrol had a trailing twelve-month return on equity of 10.34% and a net margin of 16.74%.

Ecopetrol announced a -- dividend on Wednesday, March 15th. Investors of record on Wednesday, December 20th will be paid a dividend of $0.1479 per share on Friday, December 29th. This represents a yield of 20.4%. The ex-dividend date is Tuesday, December 19th.
Read our dividend analysis for EC.

ETFs with the largest weight of Ecopetrol (NYSE:EC) stock in their portfolio include First Trust Indxx Global Natural Resources Income ETF (FTRI), Amplify Natural Resources Dividend Income ETF (NDIV), ALPS Emerging Sector Dividend Dogs ETF (EDOG), Amplify International Enhanced Dividend Income ETF (IDVO), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) and Invesco Zacks Multi-Asset Income ETF (CVY).iShares Latin America 40 ETF (ILF).

Ecopetrol (NYSE:EC) pays an annual dividend of $2.04 per share and currently has a dividend yield of 17.93%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, EC will have a dividend payout ratio of 93.15% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ecopetrol investors own include Energy Transfer (ET), NVIDIA (NVDA), General Electric (GE), Gladstone Land (LAND), Halliburton (HAL), Martin Midstream Partners (MMLP), Micron Technology (MU), Pfizer (PFE), PayPal (PYPL) and Bank of America (BAC).

Ecopetrol trades on the New York Stock Exchange (NYSE) under the ticker symbol "EC."

Ecopetrol's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (0.35%), Marshall Wace LLP (0.06%), Crossmark Global Holdings Inc. (0.05%), Fisher Asset Management LLC (0.04%), JPMorgan Chase & Co. (0.04%) and Allspring Global Investments Holdings LLC (0.03%).

Shares of EC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EC stock can currently be purchased for approximately $11.60.

Ecopetrol (NYSE:EC) has a market capitalization of $23.85 billion and generates $37.83 billion in revenue each year. The oil and gas company earns $34.77 billion in net income (profit) each year or $2.78 on an earnings per share basis.

The company employs 18,903 workers across the globe.

Ecopetrol's mailing address is CARRERA 13 NO. 36 - 24, BOGOTA F8, . The official website for the company is www.ecopetrol.com.co. The oil and gas company can be reached via phone at (571) 234-4000, via email at investors@ecopetrol.com, or via fax at 571-234-4099.