Ecopetrol - EC Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EC, but not buy additional shares or sell existing shares.
View EC analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year price objectives for Ecopetrol's stock. Their EC share price forecasts range from $12.40 to $13.00. On average, they anticipate the company's share price to reach $12.70 in the next twelve months. This suggests a possible upside of 18.5% 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 2023. Since then, EC stock has increased by 2.4% and is now trading at $10.72.
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Ecopetrol saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 5,480,000 shares, a decline of 20.5% from the December 15th total of 6,890,000 shares. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.3% of the company's shares are sold short.
View Ecopetrol's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our EC earnings forecast.

Ecopetrol S.A. (NYSE:EC) released its quarterly earnings data on Wednesday, November, 9th. The oil and gas company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by $0.14. The oil and gas company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.54 billion. Ecopetrol had a trailing twelve-month return on equity of 16.21% and a net margin of 20.78%.

Ecopetrol declared a Variable dividend on Friday, June 17th. Shareholders of record on Wednesday, June 29th will be given a dividend of $0.797 per share on Friday, July 8th. This represents a dividend yield of 19.5%. The ex-dividend date of this dividend is Tuesday, June 28th.
Read our dividend analysis for EC.

Ecopetrol (NYSE:EC) pays an annual dividend of $1.46 per share and currently has a dividend yield of 13.48%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EC will have a dividend payout ratio of 60.83% next year. This indicates that the company will be able to sustain or increase its 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 a variety of institutional and retail investors. Top institutional shareholders include Crossmark Global Holdings Inc. (0.05%), Allspring Global Investments Holdings LLC (0.05%), Fisher Asset Management LLC (0.04%), MADDEN SECURITIES Corp (0.01%), Jenkins Wealth (0.01%) and AE Wealth Management LLC (0.00%).

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 $10.72.

Ecopetrol (NYSE:EC) has a market capitalization of $22.04 billion and generates $24.58 billion in revenue each year. The oil and gas company earns $20.34 billion in net income (profit) each year or $3.81 on an earnings per share basis.

The company employs 18,378 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.