In the latest trading session, Ecopetrol (EC) closed at $8.81, marking a +1.97% move from the previous day.
Recently, Zacks.com users have been paying close attention to Ecopetrol (EC). This makes it worthwhile to examine what the stock has in store.
EC's massive discovery of an offshore natural gas deposit will meet 80% of Colombia's demand and avert an alarming energy crisis.
Ecopetrol (EC) closed at $9.02 in the latest trading session, marking a +0.33% move from the prior day.
Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain self-sufficient for energy.
In the latest trading session, Ecopetrol (EC) closed at $8.93, marking a -1% move from the previous day.
Ecopetrol offers a high dividend yield, but its sustainability is questionable, with a likely 20% cut still providing a double-digit yield. The company's financial health is robust, with stable EBITDA margins around 45%, strong cash reserves, and moderate debt levels. Ecopetrol's stock is undervalued, trading at a significant discount compared to peers and historical valuations, making it an attractive value investment.
Ecopetrol (EC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PBR and EC receive court orders to halt the drilling of a gas well in Colombia's Caribbean waters after an indigenous community filed a legal suit.
Ecopetrol S.A. (NYSE:EC ) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Rafael Guzman - Acting Executive Vice President, Hydrocarbons David Riano - Executive Vice President, Transition Energy Javier Cardenas - Acting Chief Financial Officer Nicolas Azcuenaga - Vice President, Strategies Walter Canova - Vice President, Refining and Industrial Processes Alexander Cadena Motezuma - President, Cenit Felipe Trujillo Lopez - Commercial and Marketing Vice President Conference Call Participants Katherine Ortiz - Corredores Davivienda Daniel Guardiola - BTG Pactual Alejandra Andrade - JPMorgan Stefania Moskia - CrediCorp Capital.
Although the crude pricing environment was healthy, the possibility of lower production following a slowdown of drilling activities is likely to have hurt Ecopetrol's (EC) Q2 earnings.
In the latest trading session, Ecopetrol (EC) closed at $10.11, marking a +0.6% move from the previous day.