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, 2021, 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, South America, and internationally. 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 based in Bogotá, Colombia.
Wall Street Analyst Weigh In
Separately, TheStreet cut Ecopetrol from a "b-" rating to a "c" rating in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.60.
Ecopetrol Stock Performance
Shares of NYSE:EC traded up $0.02 during trading hours on Wednesday, hitting $10.80. 1,134,589 shares of the company's stock were exchanged, compared to its average volume of 1,408,065. Ecopetrol has a 1-year low of $9.31 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.17. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.05 and a beta of 1.60. The company's 50-day moving average price is $11.99 and its 200-day moving average price is $14.93.
Ecopetrol Dividend Announcement
The firm also recently disclosed a Variable dividend, which was paid on Friday, July 8th. Investors of record on Wednesday, June 29th were given a dividend of $0.797 per share. The ex-dividend date was Tuesday, June 28th. This represents a dividend yield of 19.5%. Ecopetrol's dividend payout ratio is presently 99.32%.