IOCL''s pact with Petrobras was signed during petroleum secretary Pankaj Jain''s visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL
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India, the world’s third-largest oil importer, plans to sign these long-term contracts as part of efforts to diversify its energy basket by importing crude oil from non-Opec sources
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New Delhi: State-owned Indian Oil Corp. Ltd. has inked long-term oil provide contracts with Brazil’s Petroleo Brasileiro SA (Petrobras) and Colombia’s state-run Ecopetrol SA, boosting the nation’s vitality safety. The contract with Petrobras for 1.7 million metric tonne every year (mmtpa) was inked throughout India’s petroleum and pure fuel secretary Pankaj Jain go to to Brazil…
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SINGAPORE : Colombian state energy company Ecopetrol is selling more of its oil production to Europe, replacing Russian supplies, while it sees growing competition for market share in Asia.About 40-50 per cent of Ecopetrol''s crude production is exported to Asia this year compared with 60 per cent last yea
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SINGAPORE — Colombian state energy company Ecopetrol is selling more of its oil production to Europe, replacing Russian supplies, while it sees growing competition for market share in Asia. About 40-50% of Ecopetrol’s crude production is exported to Asia this year compared with 60% last year, Ecopetrol’s Chief Executive Officer Felipe Bayon told Reuters on […]
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Earlier, Mint reported on 16 September about India set to sign long-term contracts to procure at least 2 million tonnes (mt) of crude from Brazil’s Petroleo Brasileiro SA (Petrobras) and 1 mt from Columbia’s state-run Ecopetrol SA.
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The share price of Ecopetrol S.A. (NYSE:EC) fell to $9.87 per share on Wednesday from $10.05. While Ecopetrol S.A. has underperformed by -1.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EC fell by -19.42%, with highs and lows ranging from $18.47 to $9.31, whereas the […]
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Ecopetrol S.A. with ticker code (EC) have now 11 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 31.79 and 11.9 calculating the mean target price we have 15.9. Given that the stocks previous close was at 10.25 this would indicate that there is a potential upside of 55.1%. The 50 day MA is 10.44 and the 200 day moving average is 14.08. The company has a market cap of $22,248m. You can visit the company''s website by visiting: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $34,512m based on the market concensus. 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.
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India had stopped sourcing crude via long-term contracts from Colombia’s Ecopetrol in 2015
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BOGOTA — Colombia’s Ecopetrol will hike output at its refinery in the Caribbean city of Cartagena by a third in a bid to meet national demand for fuels and reduce imports, the majority state-owned energy company said on Wednesday. The refinery will increase production to 200,000 barrels of oil per day (bpd), from its previous […]
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Colombia''s Ecopetrol will hike output at its refinery in the Caribbean city of Cartagena by a third in a bid to meet national demand for fuels and reduce imports, the majority state-owned energy company said on Wednesday.
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Ecopetrol has a very cheap valuation and high yield, but price action suggests more downside. Click to read why I would stay away from the EC stock for now.
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Ecopetrol S.A. with ticker code (EC) now have 11 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 31.79 and 11.9 with the average target price sitting at 15.9. Given that the stocks previous close was at 10.77 this would indicate that there is a potential upside of 47.6%. The 50 day moving average now sits at 10.42 and the 200 day moving average is 14.16. The market capitalisation for the company is $22,950m. Visit the company website at: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $33,881m based on the market concensus. 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.
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Ecopetrol S.A. found using ticker (EC) have now 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 31.79 and 11.9 with a mean TP of 15.97. With the stocks previous close at 9.86 this is indicating there is a potential upside of 62.0%. The 50 day moving average now sits at 10.49 and the 200 moving average now moves to 14.22. The market cap for the company is $21,535m. Visit the company website at: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $34,880m based on the market concensus. 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.
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The share price of Ecopetrol S.A. (NYSE:EC) fell to $10.31 per share on Wednesday from $10.73. While Ecopetrol S.A. has underperformed by -3.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EC fell by -20.77%, with highs and lows ranging from $18.47 to $9.31, whereas the […]
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Ecopetrol S.A. with ticker code (EC) have now 12 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 31.79 and 11.9 with the average target price sitting at 15.97. Now with the previous closing price of 10.97 this would indicate that there is a potential upside of 45.6%. The day 50 moving average is 10.63 and the 200 day MA is 14.31. The company has a market capitalisation of $23,532m. Find out more information at: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $34,258m based on the market concensus. 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.
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BOGOTA, Colombia, Aug. 25, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Moody''s Investors Service ("Moody''s") affirmed Ecopetrol S.A. ("Ecopetrol" or the "Company") global credit rating at Baa3 with a negative outlook and downgraded its individual rating…
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LONDON : Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high, data showed today (Aug 24). Oil and gas firms, including state-controlled giants in Latin America, accounted for more than two-fifths of the growth in dividend payments in the three months to end-June, according to fund manager Janus Henderson’s latest global dividend report. Banks freed from pandemic-era restrictions on dividends were behind a similar share of the growth in payouts, while consumer firms such as automotive manufacturers also shelled out more. In total, global dividend payments reached US$544.8 billion (RM2.4 trillion) in the second quarter, Janus Henderson calculated, up 11.3% on a headline basis year-on-year after companies slashed dividends during the Covid-19 pandemic. The payouts highlight how stellar a year companies enjoyed in 2021 as economies recovered, and how well corporate profitability has held up this year even as households are plunged into a cost-of-living crisis as inflation soars and fears of a global recession mount.
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With oil in peak demand as the global economy resurges, energy companies have been generating record-breaking profits not seen since the last cycle. A great way to cash in on these stocks is owning them to generate passive income, as energy companies increase shareholder distributions to remain an attractive investment. Energy Dividend Stock #1: Ecopetrol S.A. (NYSE: EC ) Ecopetrol is offering a dividend yield of 13.29% or $1.49 per share annually and does not have a track record of raising its dividend yield. Ecopetrol is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast, as the company refines and markets crude oil and byproducts produced from its fields. Revenues in the first half of 2022 increased by 108.3% primarily due to higher international reference prices and stronger price spreads in the Brent for gasoline, middle distillates and jet fuel, which reported record levels. Energy Dividend Stock #2: Helmerich & Payne Inc (NYSE: HP ) Helmerich & Payne is offering a dividend yield of 3.26% or $1.00 per share annually that will be paid out quarterly, as there is no track …
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Colombia’s state-controlled oil producer Ecopetrol SA is proposing to dilute a planned oil export tax that is a major part of President Gustavo Petro’s economic program.
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Shell and its partner Ecopetrol have verified the presence of gas in the Gorgon-2 exploratory and delimitation offshore well.
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https://www.investing.com/news/pro/ecopetrol-sa-pt-lowered-to-1420-at-citi-432SI-2870613
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Ecopetrol S.A. found using ticker (EC) now have 11 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 31.79 and 12 with a mean TP of 16.25. Given that the stocks previous close was at 10.31 this is indicating there is a potential upside of 57.6%. The day 50 moving average is 12.22 while the 200 day moving average is 14.63. The company has a market capitalisation of $21,997m. You can visit the company''s website by visiting: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $34,671m based on the market concensus. 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.
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The following slide deck was published by Ecopetrol S.A.
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BOGOTÁ, D.C., Aug. 4, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group''s financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in…
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Ecopetrol press release (EC): Q2 net income of COP 10.47T.Revenue of COP 43.89T (+125.8% Y/Y).
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Ecopetrol ADR Earnings, Revenue Beat in Q2
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Colombian company Ecopetrol and Brazil’s Petrobras confirm the discovery of a natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep water off Colombia, 32 kilometres off the coast and 76 kilometres from the city of Santa Marta, at a depth of approximately 830 metres. The Uchuva well is in the Tayrona block, in …
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Petrobras has discovered gas in deepwater offshore Colombia
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BOGOTA, Colombia, July 29, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the discovery of a natural gas accumulation in the Uchuva-1 exploratory well in the Tayrona Block, drilled in Colombian deep waters, in which Petrobras acts as operator with a 44.4% stake…
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On Wednesday, 193 stocks hit new 52-week lows. Significant Points From Today''s 52-Week Lows: The largest company by market cap to set a new 52-week low was Shell (NYSE: SHEL ) . Grom Social Enterprises (NASDAQ: GROM ) was the smallest firm on a market cap basis to set a new 52-week low. Kornit Digital (NASDAQ: KRNT ) ''s stock traded down the lowest, falling 30.17% to reach a new 52-week low. Sierra Metals (AMEX: SMTS ) shares rebounded the highest, with shares trading up 0.01%, bouncing back after reaching its new 52-week low. The following stocks achieved new 52-week lows on Wednesday: Caterpillar (NYSE: CAT ) shares moved down 2.08% on Wednesday to hit a new 52-week low of $169.72, drifting down 2.08%. Banco Santander (NYSE: SAN ) stock hit a new 52-week low of $2.56. The stock was down 4.63% on the session. Freeport-McMoRan (NYSE: FCX ) shares moved down 2.71% on Wednesday to hit a new 52-week low of $26.21, drifting down 2.71%. Eni (NYSE: E ) shares set a new 52-week low of $21.61.
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BOGOTA — Venezuelan authorities “frequently” bill Colombian oil companies over contamination caused by crude leaking from a pipeline that runs adjacent to the border shared by the two countries, a German non-profit organization said in a report this week. Colombia’s oil pipelines, which are managed by Cenit, a subsidiary of majority state-owned oil company Ecopetrol […]
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Gustavo Petro’s presidential election win signals a more interventionist approach towards Ecopetrol, but it trades at just 3.3 times expected earnings.
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Ecopetrol (NYSE:EC) had declared $1.593/share interim dividend.Payable July 8; for shareholders of record June 29; ex-div June 28.See EC Dividend Scorecard, Yield Chart, & Dividend…
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Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax. WTI crude oil prices dropped 3.4% to around $105.70 per barrel on Wednesday morning, sending the United States Oil ETF (NYSE: USO ) down 3.1%. Biden is expected to ask Congress on Wednesday to approve a tax cut on fuel as tensions between the White House and the oil industry rise. Related Link: 7 Best Energy Stocks To Buy With Over 6% Dividend Yields: Ecopetrol, Energy Transfer … Full story available on Benzinga.com
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Colombian markets plunge in Tuesday''s trading, led by state-run energy company Ecopetrol''s (EC) -13.4%, after leftist Gustavo Petro won Colombia''s presidential election while promising…
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Gainers: BP Prudhoe Bay Royalty (BPT) +18%. PermRock Royalty (PRT) +19%. VAALCO Energy (EGY) +15%. CONSOL Energy (CEIX) +14%. Losers: Ecopetrol (EC) -14%.
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Colombia elected a leftist anti-oil president, which isn''t good news for the state-run oil company.
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BOGOTA (Reuters) – Shareholders of Colombia’s majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country’s fuel-price stabilization fund (FEPC), as well as an extraordinary dividend for minority shareholders, a spokesperson said.
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Colombia''s government, Ecopetrol will shore up fuel price fund
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Value investing has gained momentum in 2022, and growth stocks have crashed, returning to more normal but still elevated prices after a strong 2021. There is no better time to invest now in value stocks for the long term. Searching for stocks that have the potential to appreciate that won’t decline due to uncertainty from rising inflation, high energy prices and the risk of a recession is like finding the holy grail for investors. Some analysts and investors believe that the stock market has discounted future volatility, as it is certain that the Federal Reserve will significantly raise the key interest rate by the end of 2022. Inflation is here and is at historic highs in the U.S. market. Oil prices remain resilient as the war in Ukraine continues. 7 Tempting Tech Stocks to Pull the Trigger on Now Value stocks are a better choice than growth stocks. That’s because their intrinsic value is higher than their stock price. This catalyst will drive demand for high-quality stocks in a highly volatile stock market.
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Oil prices are nearing $120 per barrel as Shanghai prepares to reopen and the EU agrees to ban most imports of Russian oil.
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Ecopetrol (EC) +14.5% in Tuesday''s trading after pro-business candidate Rodolfo Hernandez surprisingly won a place in Colombia''s presidential election runoff, reducing the chances…
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U.S. stocks pared losses midway through trading, with the Nasdaq Composite turning higher on Tuesday. The Dow traded down 0.18% to 33,154.67 while the NASDAQ rose 0.20% to 12,155.91. The S&P also fell, dropping, 0.12% to 4,153.24. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Energy shares jumped by 1.3% on Tuesday. Meanwhile, top gainers in the sector included Indonesia Energy Corporation Limited (NYSE: INDO ), up 15% and Ecopetrol S.A. (NYSE: EC ) up 14%. In trading on Tuesday, real estate shares fell 1.3%. Top Headline US goods trade deficit shrank to $105.9 billion in April from a revised record high of $125.9 billion in the previous month, as exports rose 3.1% to a fresh all-time high of $173.9 billion. Equities Trading UP TherapeuticsMD, Inc. (NASDAQ: TXMD ) shares shot up 361% to $9.86 after the company announced it has entered into a definitive merger agreement to be acquired by an affiliate of EW Healthcare Partners. Shares of JanOne Inc. (NASDAQ: JAN ) got a boost, shooting 88% to $4.20 after the company announced it …
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U.S. stocks traded lower this morning, with the Dow Jones dropping more than 1% on Tuesday. Following the market opening Tuesday, the Dow traded down 1.16% to 32,826.36 while the NASDAQ fell 1.34% to 11,968.21. The S&P also fell, dropping, 1.20% to 4,108.51. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Energy shares jumped by 1.1% on Tuesday. Meanwhile, top gainers in the sector included Indonesia Energy Corporation Limited (NYSE: INDO ), up 14% and Ecopetrol S.A. (NYSE: EC ) up 13%. In trading on Tuesday, materials shares fell 1.7%. Top Headline The S&P Corelogic Case-Shiller home price index jumped 21.2% year-over-year in March, following a 20.3% increase in February. Equities Trading UP TherapeuticsMD, Inc. (NASDAQ: TXMD ) shares shot up 354% to $9.73 after the company announced it has entered into a definitive merger agreement to be acquired by an affiliate of EW Healthcare Partners. Shares of JanOne Inc. (NASDAQ: JAN ) got a boost, shooting 95% to $4.38 after the company announced it sold GeoTraq to SPYR Technologies in a $13.5 …
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Ecopetrol S.A. with ticker code (EC) now have 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 31.79 and 16 and has a mean target at 20.14. Now with the previous closing price of 15.09 this indicates there is a potential upside of 33.5%. The day 50 moving average is 17.07 and the 200 day MA is 15.1. The market cap for the company is $31,475m. You can visit the company''s website by visiting: https://www.ecopetrol.com.co [stock_market_widget type="chart" template="basic" color="green" assets="EC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $42,008m based on the market concensus. 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.
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The projects are part of Ecopetrol''s plan to ramp up gas output to 30 per cent of its portfolio up from the current 20 per cent to meet the country''s growing gas needs for transportation, Yeimy Baez, vice president of gas at Ecopetrol told Reuters.
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This move is a reversal from the hour prior, which saw price move up. The post Ecopetrol Sa (EC): Price Down $-0.13 (-1)% Over Past Day, Down $-0.16 (-1.19)% Over Past Hour appeared first on ETF Daily News .
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BOGOTÁ, Colombia, July 12, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: Ecopetrol; NYSE EC) informs about the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the Company had observed as a
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Grupo EPM, Grupo Argos, Ecopetrol y Alquería también comenzaron la inmunización.