Ecopetrol SA Stock News

Ecopetrol (EC) said it plans to spend between $5.2B and $6B annually through 2040, as it seeks to expand into non-conventional deposits and renewable energy.The Colombian oil producer

Proven oil and gas reserves increased by 13%, up to 2,002 MBOE[1] - The Reserve-Replacement Ratio (RRR) of 200% implies that, for each barrel produced in the year by the Company, two barrels were added to reserves. - The Ecopetrol Group''s average reserve life increased to 8.7 years,

Does Ecopetrol (EC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest

Does Ecopetrol (EC) have what it takes to be a top stock pick for momentum investors? Let's find out.

TheStreet lowered shares of Ecopetrol (NYSE:EC) from a b- rating to a c rating in a research report released on Wednesday, TheStreetRatingsTable reports. A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut Ecopetrol from a neutral rating to an underweight rating and set a $16.50 []

Ecopetrol (NYSE:EC) was downgraded by equities researchers at The Goldman Sachs Group from a buy rating to a neutral rating in a research report issued to clients and investors on Wednesday, The Fly reports. Other equities analysts also recently issued reports about the company. TheStreet upgraded Ecopetrol from a c rating to a b- rating []

Ecopetrol (EC) says that roughly 63% of the capital budget will be allocated for exploration and production activities.

Ecopetrol (EC) says that roughly 63% of the capital budget will be allocated for exploration and production activities.

The three-year plan will see between $12 billion and $15 billion pumped into the energy company between 2021 and 2023. The company''s net profit rebounded to 3.81 trillion pesos (around $975 million) in the third quarter of this year, the highest level in at least a decade, boosted by rising crude prices following dismal results in 2020 amid the coronavirus pandemic.

Ecopetrol S.A. found using ticker (EC) have now 11 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 17.5 and 12 calculating the average target price we see 14.89. With the stocks previous close at 13.45 this now indicates there is a potential upside of 10.7%. There is a 50 day moving average of 14.59 and the 200 day MA is 13.48. The market cap for the company is $27,616m. Company Website: /> [stock_market_widget type="chart" symbol="EC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels. It engages in the exploration, production, and sale of oil and gas; offshore exploration; energy supply services; specialized management services; and distribution of natural gas and LPG activities.

Shares of Ecopetrol S.A. (NYSE:EC) have received an average rating of Hold from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1 year []