Should I buy or sell Ecopetrol stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last twelve months. 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 .

What is Ecopetrol's stock price target for 2024?

6 Wall Street analysts have issued 1-year price targets for Ecopetrol's stock. Their EC share price targets range from $11.20 to $13.90. On average, they expect the company's stock price to reach $12.35 in the next twelve months. This suggests that the stock has a possible downside of 1.7%. View analysts price targets for EC or view top-rated stocks among Wall Street analysts .

How have EC shares performed in 2023?

Ecopetrol's stock was trading at $10.47 at the start of the year. Since then, EC stock has increased by 20.0% and is now trading at $12.5650. View the best growth stocks for 2023 here .

Are investors shorting Ecopetrol?

Ecopetrol saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 9,380,000 shares, a decrease of 6.8% from the October 15th total of 10,060,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.5% of the company's stock are short sold. View Ecopetrol's Short Interest .

When is Ecopetrol's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024. View our EC earnings forecast .

How were Ecopetrol's earnings last quarter?

Ecopetrol S.A. (NYSE:EC) released its quarterly earnings results on Monday, March, 2nd. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.33. The oil and gas company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $6.65 billion. Ecopetrol had a net margin of 14.58% and a trailing twelve-month return on equity of 8.68%.

How often does Ecopetrol pay dividends? What is the dividend yield for Ecopetrol?

Ecopetrol declared a -- dividend on Wednesday, March 8th. Shareholders 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 .

Is Ecopetrol a good dividend stock?

Ecopetrol (NYSE:EC) pays an annual dividend of $2.39 per share and currently has a dividend yield of 18.64%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 102.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EC will have a dividend payout ratio of 99.17% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for EC .

What ETFs hold Ecopetrol's stock?

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) .

What other stocks do shareholders of Ecopetrol own?

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) .

Who are Ecopetrol's major shareholders?

Ecopetrol's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (0.07%), Allspring Global Investments Holdings LLC (0.03%), Connor Clark & Lunn Investment Management Ltd. (0.03%), Earnest Partners LLC (0.03%), Robeco Institutional Asset Management B.V. (0.02%) and Sagil Capital LLP (0.02%).

How do I buy shares of Ecopetrol?

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. Compare Top Brokerages Here .

Ecopetrol Stock Price, News & Analysis (NYSE:EC)

$12.55

-0.02 (-0.16%)

(As of 09:01 AM ET)

Compare

Today's Range: $12.55
▼
$12.55
50-Day Range: $10.72
▼
$12.87
52-Week Range: $8.59
▼
$13.08

Volume: 15,631 shs
Average Volume: 2.02 million shs
Market Capitalization: $25.80 billion

P/E Ratio: 5.39
Dividend Yield: 19.04%
Price Target: $12.35

Ecopetrol MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.83 Rating Score
Upside/Downside: 1.7% Downside
$12.35 Price Target
Short Interest: Healthy
0.43% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.30
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.88%
From $2.32 to $2.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Oils/Energy Sector

171st out of 210 stocks

Crude Petroleum & Natural Gas Industry

58th out of 63 stocks

0.9

Analyst's Opinion

Consensus Rating
Ecopetrol has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $12.35, Ecopetrol has a forecasted downside of 1.7% from its current price of $12.57.
Amount of Analyst Coverage
Ecopetrol has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.43% of the float of Ecopetrol has been sold short.
Short Interest Ratio / Days to Cover
Ecopetrol has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Ecopetrol has recently decreased by 4.48%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Ecopetrol is a leading dividend payer. It pays a dividend yield of 18.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ecopetrol does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ecopetrol is 102.58%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Ecopetrol will have a dividend payout ratio of 99.17% in the coming year. This indicates that Ecopetrol may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EC.

2.9

News and Social Media Coverage

News Sentiment
Ecopetrol has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Ecopetrol this week, compared to 3 articles on an average week.
Search Interest
21 people have searched for EC on MarketBeat in the last 30 days. This is an increase of 163% compared to the previous 30 days.
MarketBeat Follows
17 people have added Ecopetrol to their MarketBeat watchlist in the last 30 days. This is an increase of 325% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ecopetrol insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 1.29% of the stock of Ecopetrol is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ecopetrol are expected to grow by 3.88% in the coming year, from $2.32 to $2.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ecopetrol is 5.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ecopetrol is 5.39, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.50.
Price to Book Value per Share Ratio
Ecopetrol has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ecopetrol Stock (NYSE: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; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2022, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is headquartered in Bogotá, Colombia.

EC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EC Stock News Headlines

December 6, 2023 | americanbankingnews.com

Financial Analysis: Himalaya Technologies (OTCMKTS:HMLA) & Ecopetrol (NYSE:EC)

December 1, 2023 | reuters.com

Colombia's Ecopetrol to invest up to $6.7 billion in 2024

December 6, 2023 | Edge On The Street (Ad)

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December 1, 2023 | msn.com

Colombia's Ecopetrol Announces Major Investment Plans For 2024: Details

December 1, 2023 | msn.com

Ecopetrol to spend up to $6.7B, produce 730K boe/day in 2024

December 1, 2023 | reuters.com

Colombia's Ecopetrol to invest up to $6.7 bln in 2024

November 29, 2023 | finance.yahoo.com

Fast-paced Momentum Stock Ecopetrol (EC) Is Still Trading at a Bargain

November 27, 2023 | americanbankingnews.com

Ecopetrol S.A. (NYSE:EC) Given Consensus Rating of "Reduce" by Brokerages

December 6, 2023 | Edge On The Street (Ad)

Henry Ford Would NEVER Have Seen This Coming

November 23, 2023 | msn.com

UPDATE 3-Colombia's Ecopetrol examining gas imports from Venezuela

November 23, 2023 | finance.yahoo.com

Ecopetrol announces new Senior Management appointments

November 22, 2023 | finance.yahoo.com

3 Energy Stocks Up More Than 10% YTD With More Room to Run

November 21, 2023 | bloomberg.com

Ecopetrol analiza importar gas desde Venezuela a partir de 2024

November 21, 2023 | reuters.com

Colombia's Ecopetrol examining gas imports from Venezuela -statement

November 21, 2023 | finance.yahoo.com

Ecopetrol Analyzing Gas Imports from Venezuela in 2024

November 20, 2023 | finance.yahoo.com

Oil Prices on the Rise: 3 Top Ranked Energy Stocks Breaking Out Now

November 20, 2023 | benzinga.com

P/E Ratio Insights for Ecopetrol

November 19, 2023 | seekingalpha.com

Petrobras: An Update On The Brazilian Oil Giant

November 17, 2023 | finance.yahoo.com

Ecopetrol Jumps After Colombian Court Strikes Down Royalty Tax

November 13, 2023 | msn.com

Best Income Stocks to Buy for November 13th

November 9, 2023 | markets.businessinsider.com

Ecopetrol's third quarter 2023 results

November 9, 2023 | finance.yahoo.com

Ecopetrol S.A. (NYSE:EC) Q3 2023 Earnings Call Transcript

November 9, 2023 | finance.yahoo.com

Ecopetrol refers to the information disclosed today, November 8, 2023, by a news website about a General Shareholders' Meeting of Ecopetrol S.A.

November 8, 2023 | seekingalpha.com

Ecopetrol S.A. 2023 Q3 - Results - Earnings Call Presentation

November 8, 2023 | reuters.com

Colombia's Ecopetrol sees production closing 2023 at up to 731 kboed

November 8, 2023 | msn.com

UPDATE 2-Colombia's Ecopetrol posts slump in Q3 net profits as oil production grows

November 7, 2023 | msn.com

Ecopetrol reports Q3 results

See More Headlines

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Company Calendar

Last Earnings: 3/02/2015
Ex-Dividend for 10/5 Dividend: 9/26/2023
Dividend Payable: 10/05/2023
Today: 12/06/2023
Ex-Dividend for 12/29 Dividend: 12/19/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 4/03/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:EC
CUSIP: N/A
CIK: 1444406
Web: www.ecopetrol.com.co
Phone: (571) 234-4000
Fax: 571-234-4099
Employees: 18,903
Year Founded: 1948

Price Target and Rating

Average Stock Price Target: $12.35
High Stock Price Target: $13.90
Low Stock Price Target: $11.20
Potential Upside/Downside: -1.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.33
Trailing P/E Ratio: 5.39
Forward P/E Ratio: 5.42
P/E Growth: N/A
Net Income: $34.77 billion
Net Margins: 14.58%
Pretax Margin: 162.36%
Return on Equity: 8.68%
Return on Assets: 3.16%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 1.21
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $37.83 billion
Price / Sales: 0.68
Cash Flow: $9.97 per share
Price / Cash Flow: 1.26
Book Value: $60.94 per share
Price / Book: 0.21

Miscellaneous

Outstanding Shares: 2,055,830,000
Free Float: 2,055,835,000
Market Cap: $25.83 billion
Optionable: Optionable
Beta: 1.38

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Key Executives

Mr. Ricardo Roa Barragan
Chief Executive Officer
Dr. Ana Milena López Rocha (Age 42)
Corporate Vice President of Finance & Sustainable Value
Mr. Alberto Consuegra Granger (Age 63)
COO & Executive VP of Operations
Mr. Luis Felipe Rivera Garcia
Vice President of Science, Technology & Innovation
Mr. Fernán Ignacio Bejarano Arias (Age 67)
Vice-President of Legal Affairs & General Counsel
Ms. Luz Elena Diaz Garcia
Corporate Vice President of Compliance
Marcela Ulloa
Head of Corporate Communications
Mr. Pedro Fernando Manrique Gutierrez (Age 58)
Vice President of Commercial & Marketing
Mr. Alejandro Arango Lopez (Age 63)
Corporate Vice President of Human Talent
Tommaso Giuseppe Mascarucci
Head of Capital Markets

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Ecopetrol Stock? EC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Ecopetrol was last updated on Tuesday, November 28, 2023 at 1:30 PM.

Pros

Here are some ways that investors could benefit from investing in Ecopetrol S.A.:

Ecopetrol operates as an integrated energy company, engaging in exploration and production of oil and gas, transportation of crude oil and refined products, refining crude oil, and distribution of natural gas and LPG. This diversification across multiple segments of the energy industry can provide stability and potential for growth.
Ecopetrol has a strong presence in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. This global presence allows the company to access diverse markets and potentially capitalize on international growth opportunities.
The company has a significant infrastructure network, including approximately 9,127 kilometers of crude oil and multi-purpose pipelines. This infrastructure provides a competitive advantage in terms of transportation and logistics, allowing for efficient distribution of products.
Ecopetrol has a market capitalization of $26.21 billion, indicating its size and stability as a company. This can be attractive to investors looking for established companies with a solid financial foundation.
The stock price of Ecopetrol has shown positive performance, with a twelve month high of $13.08. This indicates potential for capital appreciation and may be appealing to investors seeking growth opportunities.

Cons

Investors should be bearish about investing in Ecopetrol S.A. for these reasons:

The oil and gas industry is subject to volatility and fluctuations in commodity prices. Changes in oil prices can impact the profitability of Ecopetrol's operations and may result in financial challenges.
Ecopetrol operates in a highly regulated industry, with government policies and regulations influencing its operations. Changes in regulations or political instability in the regions where the company operates can pose risks and uncertainties.
The company has a debt-to-equity ratio of 0.90, indicating a significant level of debt. High levels of debt can increase financial risk and limit the company's flexibility in pursuing growth opportunities or managing economic downturns.
Ecopetrol faces competition from other energy companies operating in the same markets. Competitive pressures can impact the company's market share, pricing power, and profitability.
Investors should carefully consider the potential impact of environmental and sustainability factors on Ecopetrol's operations. Increasing focus on renewable energy and environmental regulations may pose challenges for the company's long-term sustainability.

EC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ecopetrol stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last twelve months. 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.
What is Ecopetrol's stock price target for 2024?: 6 Wall Street analysts have issued 1-year price targets for Ecopetrol's stock. Their EC share price targets range from $11.20 to $13.90. On average, they expect the company's stock price to reach $12.35 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for EC or view top-rated stocks among Wall Street analysts.
How have EC shares performed in 2023?: Ecopetrol's stock was trading at $10.47 at the start of the year. Since then, EC stock has increased by 20.0% and is now trading at $12.5650.
View the best growth stocks for 2023 here.
Are investors shorting Ecopetrol?: Ecopetrol saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 9,380,000 shares, a decrease of 6.8% from the October 15th total of 10,060,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.5% of the company's stock are short sold.
View Ecopetrol's Short Interest.
When is Ecopetrol's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024.
View our EC earnings forecast.
How were Ecopetrol's earnings last quarter?: Ecopetrol S.A. (NYSE:EC) released its quarterly earnings results on Monday, March, 2nd. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.33. The oil and gas company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $6.65 billion. Ecopetrol had a net margin of 14.58% and a trailing twelve-month return on equity of 8.68%.

How often does Ecopetrol pay dividends? What is the dividend yield for Ecopetrol?: Ecopetrol declared a -- dividend on Wednesday, March 8th. Shareholders 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.
Is Ecopetrol a good dividend stock?: Ecopetrol (NYSE:EC) pays an annual dividend of $2.39 per share and currently has a dividend yield of 18.64%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 102.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EC will have a dividend payout ratio of 99.17% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EC.
What ETFs hold Ecopetrol's stock?: 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).
What other stocks do shareholders of Ecopetrol own?: 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).
Who are Ecopetrol's major shareholders?: Ecopetrol's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (0.07%), Allspring Global Investments Holdings LLC (0.03%), Connor Clark & Lunn Investment Management Ltd. (0.03%), Earnest Partners LLC (0.03%), Robeco Institutional Asset Management B.V. (0.02%) and Sagil Capital LLP (0.02%).
How do I buy shares of Ecopetrol?: 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.
Compare Top Brokerages Here.

This page (NYSE:EC) was last updated on 12/6/2023 by MarketBeat.com Staff

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