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).
EC's board approves additional debt funding worth $2 billion, which includes $1 billion in structural debt. Further, $1 billion has been authorized as a temporary measure.
Ecopetrol S.A. (NYSE:EC ) Q4 2024 Earnings Conference Call March 5, 2024 9:00 AM ET Company Participants Ricardo Roa - President and 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 - Vice President, Strategy and New Businesses Julio Herrera - Vice President of Commercial and Marketing Sandra Rodríguez - Corporate Vice President of Territorial Conference Call Participants Daniel Guardiola - BTG Pactual Victor Modanese - UBS Andrés Cardona - Citibank Andrés Duarte - Corficolombiana Ricardo Sandoval - Bancolombia Operator Good morning.
Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday.
Ecopetrol (EC) concluded the recent trading session at $10.12, signifying a -1.36% move from its prior day's close.
Ecopetrol (EC) closed the most recent trading day at $10.94, moving +0.27% from the previous trading session.