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 2 sell ratings and 4 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 brokers have issued 1-year price targets for Ecopetrol's stock. Their EC share price targets range from $8.50 to $12.50. On average, they expect the company's stock price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 4.3%. View analysts price targets for EC or view top-rated stocks among Wall Street analysts .

How have EC shares performed in 2024?

Ecopetrol's stock was trading at $11.92 at the start of the year. Since then, EC stock has decreased by 3.5% and is now trading at $11.50. View the best growth stocks for 2024 here .

Are investors shorting Ecopetrol?

Ecopetrol saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 9,030,000 shares, an increase of 10.8% from the March 15th total of 8,150,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.4% of the shares of the company are sold short. 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, May 8th 2024. View our EC earnings forecast .

How were Ecopetrol's earnings last quarter?

Ecopetrol S.A. (NYSE:EC) announced its earnings results on Monday, March, 2nd. The oil and gas company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.21 by $0.33. The oil and gas company earned $5.12 billion during the quarter, compared to analysts' expectations of $6.65 billion. Ecopetrol had a net margin of 14.58% and a trailing twelve-month return on equity of 10.31%.

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

Ecopetrol declared a -- dividend on Tuesday, March 26th. Investors of record on Tuesday, June 25th will be paid a dividend of $0.7999 per share on Wednesday, July 3rd. This represents a yield of 19.5%. The ex-dividend date is Tuesday, June 25th. Read our dividend analysis for EC .

Is Ecopetrol a good dividend stock?

Ecopetrol (NYSE:EC) pays an annual dividend of $2.20 per share and currently has a dividend yield of 18.76%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.42%. 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 81.78% 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) , ALPS Emerging Sector Dividend Dogs ETF (EDOG) , Amplify Natural Resources Dividend Income ETF (NDIV) , Amplify International Enhanced Dividend Income ETF (IDVO) , Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) , Virtus Real Asset Income ETF (VRAI) 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 a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.00%) and GAMMA Investing LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:EC

Ecopetrol (EC) Stock Price, News & Analysis

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Free EC Stock Alerts

$11.50

-0.03 (-0.26%)

(As of 04/16/2024 ET)

Compare

Today's Range: $11.37
▼
$11.58
50-Day Range: $10.52
▼
$12.89
52-Week Range: $8.59
▼
$13.14

Volume: 1.38 million shs
Average Volume: 2.05 million shs
Market Capitalization: N/A

P/E Ratio: 4.94
Dividend Yield: 19.13%
Price Target: $11.00

Get Ecopetrol alerts:

Ecopetrol MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 4.3% Downside
$11.00 Price Target
Short Interest: Bearish
0.44% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.63%
From $2.23 to $2.69 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.64 out of 5 stars

0.8

Analyst's Opinion

Consensus Rating
Ecopetrol has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Ecopetrol has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.44% 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 4.5.
Change versus previous month
Short interest in Ecopetrol has recently increased by 10.80%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Ecopetrol is a leading dividend payer. It pays a dividend yield of 18.76%, 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 94.42%. 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 81.78% 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.

1.8

News and Social Media Coverage

News Sentiment
Ecopetrol has a news sentiment score of 0.17. 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 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Ecopetrol this week, compared to 4 articles on an average week.
Search Interest
Only 31 people have searched for EC on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
Only 14 people have added Ecopetrol to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ecopetrol insiders have not sold or bought any company stock.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ecopetrol are expected to grow by 20.63% in the coming year, from $2.23 to $2.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ecopetrol is 4.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ecopetrol is 4.94, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.98.
Price to Book Value per Share Ratio
Ecopetrol has a P/B Ratio of 0.19. 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

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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

April 15, 2024 | americanbankingnews.com

Ecopetrol S.A. (NYSE:EC) Short Interest Up 10.8% in March

April 10, 2024 | bloomberg.com

Colombia’s Petro Seeks Deal to Let Ecopetrol Produce Venezuelan Oil and Gas

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April 10, 2024 | finance.yahoo.com

Colombia’s Petro Seeks Deal to Let Ecopetrol Produce Venezuelan Oil and Gas

April 10, 2024 | americanbankingnews.com

Ecopetrol S.A. (NYSE:EC) Given Average Recommendation of "Reduce" by Brokerages

April 5, 2024 | prnewswire.com

Ecopetrol Announces Senior Management Changes

April 5, 2024 | prnewswire.com

Ecopetrol S.A.'s Board of Directors Announcement

April 4, 2024 | bloomberg.com

Colombia aumentará competencia en costoso mercado pensional

April 16, 2024 | Paradigm Press (Ad)

Bitcoin Rockets To Record High But Buy THIS Instead

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April 4, 2024 | oilprice.com

Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil

April 2, 2024 | msn.com

Shell selects MODEC for FEED work on Gato do Mato FPSO

March 30, 2024 | nasdaq.com

Ecopetrol Breaks Above 200-Day Moving Average - Bullish for EC

March 29, 2024 | finance.yahoo.com

Texas Billionaire Investing in Colombian Natural Gas Ahead of Projected Shortage

March 29, 2024 | ft.com

Time for investors to turn up the heat on climate governance

March 28, 2024 | msn.com

EC Stock Earnings: Ecopetrol Beats EPS, Beats Revenue for Q3 2023

March 27, 2024 | prnewswire.com

Ecopetrol publishes financial information for the year 2023

March 26, 2024 | msn.com

Ecopetrol shareholders OK new board members despite internal report

March 25, 2024 | prnewswire.com

Distribution of Dividends corresponding to Fiscal Year 2023

March 25, 2024 | prnewswire.com

Ecopetrol Reports on the Decisions Adopted at the Shareholders' Meeting on March 22, 2024.

March 23, 2024 | yahoo.com

Ecopetrol Investors Ratify New Directors Assessed to Be Unfit

March 22, 2024 | msn.com

Ecopetrol wins court judgment in dispute with McDermott

March 22, 2024 | finance.yahoo.com

ECOPETROL S.A. informs about the decision adopted by the Dutch Court on the restructuring process of CB&I N.V., a subsidiary of McDermott International Ltd.

March 22, 2024 | prnewswire.com

ECOPETROL S.A. informs about the decision adopted by the Dutch Court on the restructuring process of CB&I N.V.

March 21, 2024 | finance.yahoo.com

UPDATE 1-Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott

March 20, 2024 | prnewswire.com

Ecopetrol S.A. obtains authorization to execute a USD 1,200 million debt management transaction

March 19, 2024 | investorplace.com

South of the Border Sizzle: 3 Latin American Energy Stocks for Your Must-Buy List

March 18, 2024 | bloomberg.com

Petro Lays Out Long-Shot Plan for Colombia Constitutional Rework

See More Headlines

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Company Calendar

Last Earnings: 3/02/2015
Ex-Dividend for 4/10 Dividend: 4/04/2024
Dividend Payable: 4/10/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
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: $11.00
High Stock Price Target: $12.50
Low Stock Price Target: $8.50
Potential Upside/Downside: -4.6%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.33
Trailing P/E Ratio: 4.95
Forward P/E Ratio: 5.17
P/E Growth: N/A
Net Income: $34.77 billion
Net Margins: 14.58%
Pretax Margin: 166.02%
Return on Equity: 10.31%
Return on Assets: 3.75%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 1.47
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $37.83 billion
Price / Sales: N/A
Cash Flow: $10.02 per share
Price / Cash Flow: 1.15
Book Value: $60.94 per share
Price / Book: 0.19

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Ricardo Roa Barragan
Chief Executive Officer
Dr. Ana Milena López Rocha (Age 43)
Corporate Vice President of Finance & Sustainable Value
Mr. Alberto Consuegra Granger (Age 64)
COO & Executive VP of Operations
Mr. Luis Felipe Rivera Garcia
Vice President of Science, Technology & Innovation
Mr. Rodolfo Mario García Paredes (Age 52)
Vice President of Legal
Ms. Luz Elena Diaz Garcia
Corporate Vice President of Compliance
Marcela Ulloa
Head of Corporate Communications
Mr. Felipe Trujillo Lopez
Vice President of Commercial & Marketing
Ms. Victoria Irene Sepúlveda Ballesteros
Corporate Vice President of Human Talent
Carolina Tovar Aragon
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

Pros

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

Ecopetrol S.A. is the largest company in Colombia and one of the main integrated energy companies in the American continent, providing a strong market presence.
Recent financial statements for the year 2023 have been published, offering transparency and insights into the company's performance.
Ecopetrol operates through various segments, including Exploration and Production, Transport and Logistics, Refining, Petrochemical and Biofuels, and Electric Power Transmission, diversifying its revenue streams.
The company has a significant workforce of over 18,000 employees, indicating stability and capacity for operations.
With operations in multiple regions globally, Ecopetrol has a diversified geographical footprint, reducing exposure to regional risks.

Cons

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

Oil and gas companies like Ecopetrol are subject to fluctuations in commodity prices, impacting revenue and profitability.
The energy sector is highly regulated, and changes in regulations or policies can affect Ecopetrol's operations and financial performance.
Environmental concerns and shifts towards renewable energy sources may pose long-term challenges for traditional energy companies like Ecopetrol.
Global economic conditions and geopolitical events can influence the demand for oil and gas products, affecting Ecopetrol's market position.
Investors should consider the current stock price of Ecopetrol and evaluate its valuation metrics before making investment decisions.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Ecopetrol pros and cons to contact@marketbeat.com.

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 2 sell ratings and 4 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 brokers have issued 1-year price targets for Ecopetrol's stock. Their EC share price targets range from $8.50 to $12.50. On average, they expect the company's stock price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for EC or view top-rated stocks among Wall Street analysts.
How have EC shares performed in 2024?: Ecopetrol's stock was trading at $11.92 at the start of the year. Since then, EC stock has decreased by 3.5% and is now trading at $11.50.
View the best growth stocks for 2024 here.
Are investors shorting Ecopetrol?: Ecopetrol saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 9,030,000 shares, an increase of 10.8% from the March 15th total of 8,150,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.4% of the shares of the company are sold short.
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, May 8th 2024.
View our EC earnings forecast.
How were Ecopetrol's earnings last quarter?: Ecopetrol S.A. (NYSE:EC) announced its earnings results on Monday, March, 2nd. The oil and gas company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.21 by $0.33. The oil and gas company earned $5.12 billion during the quarter, compared to analysts' expectations of $6.65 billion. Ecopetrol had a net margin of 14.58% and a trailing twelve-month return on equity of 10.31%.

How often does Ecopetrol pay dividends? What is the dividend yield for Ecopetrol?: Ecopetrol declared a -- dividend on Tuesday, March 26th. Investors of record on Tuesday, June 25th will be paid a dividend of $0.7999 per share on Wednesday, July 3rd. This represents a yield of 19.5%. The ex-dividend date is Tuesday, June 25th.
Read our dividend analysis for EC.
Is Ecopetrol a good dividend stock?: Ecopetrol (NYSE:EC) pays an annual dividend of $2.20 per share and currently has a dividend yield of 18.76%. EC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.42%. 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 81.78% 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), ALPS Emerging Sector Dividend Dogs ETF (EDOG), Amplify Natural Resources Dividend Income ETF (NDIV), Amplify International Enhanced Dividend Income ETF (IDVO), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Virtus Real Asset Income ETF (VRAI) 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 a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.00%) and GAMMA Investing LLC (0.00%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EC) was last updated on 4/16/2024 by MarketBeat.com Staff

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Ecopetrol (EC) Stock Price, News & Analysis

Ecopetrol MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ecopetrol Stock (NYSE:EC)

EC Stock Price History

EC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

Should I Buy Ecopetrol Stock? EC Pros and Cons Explained

Pros

Cons

EC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™