Ecopetrol (EC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $8.10 to $8.24
• 50-Day Range: $7.36 to $9.33
• 52-Week Range: $7.21 to $13.14
• Volume: 2.22 million shs
• Average Volume: 2.12 million shs
• Market Capitalization: $16.84 billion
• P/E Ratio: 3.61
• Dividend Yield: 32.60%
• Price Target: $8.50
• Consensus Rating: Strong Sell

Ecopetrol Stock Analysis - MarketRank™

Ecopetrol scored higher than 44% of companies evaluated by MarketBeat, and ranked 182nd out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.6 / 5
• Analyst Rating: Strong Sell

Consensus Rating

Ecopetrol has received a consensus rating of Strong Sell. The company's average rating score is 1.25, and is based on no buy ratings, 1 hold rating, and 3 sell ratings.

Amount of Analyst Coverage

Ecopetrol has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 15.61%

Earnings Growth

Earnings for Ecopetrol are expected to grow by 15.61% in the coming year, from $1.73 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ecopetrol is 3.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ecopetrol is 3.61, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.28.

Price to Book Value per Share Ratio

Ecopetrol has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.69% 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 6.5.

Change versus previous month

Short interest in Ecopetrol has recently increased by 6.99%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ecopetrol is a leading dividend payer. It pays a dividend yield of 33.19%, 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 117.62%. 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 133.50% in the coming year. This indicates that Ecopetrol may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.69% 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 6.5.

Change versus previous month

Short interest in Ecopetrol has recently increased by 6.99%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.35

News Sentiment

Ecopetrol has a news sentiment score of 0.35. 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 0.70 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Ecopetrol this week, compared to 5 articles on an average week.

Search Interest

Only 21 people have searched for EC on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

MarketBeat Follows

24 people have added Ecopetrol to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

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

EC Stock Analysis - Frequently Asked Questions

How have EC shares performed this year?

Ecopetrol's stock was trading at $11.92 at the start of the year. Since then, EC shares have decreased by 31.3% and is now trading at $8.19.
View the best growth stocks for 2024 here.

How were Ecopetrol's earnings last quarter?

Ecopetrol S.A. (NYSE:EC) posted its quarterly earnings data on Monday, March, 2nd. The oil and gas company reported ($0.12) earnings per share (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 the consensus estimate of $6.65 billion. Ecopetrol had a trailing twelve-month return on equity of 9.42% and a net margin of 13.92%.

Who are Ecopetrol's major shareholders?

Ecopetrol's top institutional shareholders include Crossmark Global Holdings Inc. (0.04%), Fisher Asset Management LLC (0.03%), Charles Schwab Investment Management Inc. (0.02%) and State Street Corp (0.01%).

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.

What other stocks do shareholders of Ecopetrol own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ecopetrol investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and General Electric (GE).

Company Calendar

• Last Earnings: 3/02/2015
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:EC
• CUSIP: N/A
• CIK: 1444406
• Web: www.ecopetrol.com.co
• Phone: (571) 234-4000
• Fax: 571-234-4099
• Employees: 19,657
• Year Founded: 1948

Price Target and Rating

• Average Stock Price Target: $8.50
• High Stock Price Target: $9.50
• Low Stock Price Target: $7.50
• Potential Upside/Downside: +3.5%
• Consensus Rating: Strong Sell
• Rating Score (0-4): 1.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.27
• Trailing P/E Ratio: 3.62
• Forward P/E Ratio: 4.75
• P/E Growth: N/A
• Net Income: $25.27 billion
• Net Margins: 13.92%
• Pretax Margin: 133.27%
• Return on Equity: 9.42%
• Return on Assets: 3.31%

Debt

• Debt-to-Equity Ratio: 1.00
• Current Ratio: 1.48
• Quick Ratio: 1.21

Sales & Book Value

• Annual Sales: $33.22 billion
• Price / Sales: 0.51
• Cash Flow: $10.66 per share
• Price / Cash Flow: 0.77
• Book Value: $58.52 per share
• Price / Book: 0.14

Miscellaneous

• Outstanding Shares: 2,055,830,000
• Free Float: 2,055,835,000
• Market Cap: $16.88 billion
• Optionable: Optionable
• Beta: 1.21