EC is currently focusing on the development of new gas resources, as Colombia's gas reserves deplete rapidly while domestic demand in the country rises.
EC mentions that the portfolio of wind and solar energy projects acquired from Statkraft could have a total capacity of up to 1.3 GW.
Ecopetrol S.A. (NYSE:EC ) Q1 2025 Earnings Conference Call May 7, 2025 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Rafael Guzman - Executive Vice President of Hydrocarbons David Riano - Executive Vice President of Transition Energy Camilo Barco - Chief Financial Officer Julián Lemos - Corporate President, Strategy Conference Call Participants Katherine Ortiz - Corredores Davivienda Daniel Guardiola - BTG Tasso Vasconcellos - UBS Ricardo Carrera - Bancolombia Andrés Cardona - Citibank Santiago Torres - Corredores Davivienda Alejandra Andrade - JPMorgan Andrés Duarte - Corficolombiana Operator Good morning.
Ecopetrol (EC) closed at $9.04 in the latest trading session, marking a -0.11% move from the prior day.
In the closing of the recent trading day, Ecopetrol (EC) stood at $8.86, denoting a +0.57% change from the preceding trading day.
In the most recent trading session, Ecopetrol (EC) closed at $8.81, indicating a -0.9% shift from the previous trading day.
EC mentions that if oil prices continue to slip, it may have to cease production in some fields and focus on assets having lower costs.
Ecopetrol (EC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Ecopetrol (EC) closed the most recent trading day at $10.63, moving +0.19% from the previous trading session.
Colombia's state-run energy company Ecopetrol said on Tuesday that unauthorized people had entered its Rubiales and Cano Sur oil field facilities on Monday, forcing an abrupt shutdown.
Here is how Ecopetrol (EC) and Expand Energy (EXE) have performed compared to their sector so far this year.
Ecopetrol (EC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).