Citigroup downgraded Ecopetrol from Buy to Neutral
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $12.00 → $8.50 | Neutral → Underweight | JP Morgan |
| 5/30/2024 | Neutral → Underperform | BofA Securities | |
| 3/4/2024 | $11.00 → $8.50 | Equal-Weight → Underweight | Morgan Stanley |
| 9/21/2023 | $11.20 | Underperform | Jefferies |
| 9/13/2023 | Buy → Neutral | Citigroup | |
| 8/23/2023 | $11.50 | Neutral | BofA Securities |
| 2/10/2023 | $12.50 → $12.00 | Buy → Hold | HSBC Securities |
| 2/9/2023 | $13.00 | Buy → Neutral | UBS |
JP Morgan downgraded Ecopetrol from Neutral to Underweight and set a new price target of $8.50 from $12.00 previously
BofA Securities downgraded Ecopetrol from Neutral to Underperform
Morgan Stanley downgraded Ecopetrol from Equal-Weight to Underweight and set a new price target of $8.50 from $11.00 previously
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Santa Marta Tribunal (the "Tribunal") issued a favorable decision regarding an appeal against the claim (acción de tutela) filed by the Indigenous Council of Taganga. The Tribunal's decision partially overturned the ruling of the Fourth Labor Court of the Santa Marta Circuit which had ordered the suspension of exploration and production works in the "Tayrona exploratory drilling area at the Uchuva 2 well." Additionally, the Tribunal ordered the Ministry of the Interior – Directorate of the National Authority for Prior Consultation (DANCP) to assess the necessity of a prior consultati
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Wednesday, November 13, 2024, it plans to release its financial and operating results for the third quarter of 2024. On Thursday, November 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time To access the webcast, the following link wil
BOGOTA, Colombia, Oct. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that, continuing with its comprehensive debt management strategy, it will redeem the outstanding balance of its 5.375% notes maturing in June 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the "2026 Notes"), which were issued in 2015. The outstanding balance of the 2026 Notes is USD 447,168,000. The expected redemption date of the 2026 Notes is November 21, 2024. The redemption price is expected to be approximately USD 1,010.31 per USD 1,000.00 principal amount outstanding (preliminarily calculated at USD 451,778,154.18 for 100% of the 2026 Notes outstanding), p
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Wednesday, November 13, 2024, it plans to release its financial and operating results for the third quarter of 2024. On Thursday, November 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time To access the webcast, the following link wil
BOGOTA, Colombia , Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL) (NYSE:EC) ("Ecopetrol" or the "Company") announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the Company's Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to the Board of Directors on August 30, 2024. This resignation will become effective on the date that the minutes of the previous meetings of the Board of Directors and Support Committees in which they participated are approved. The Company informs that the content of the following re
BOGOTÁ, Colombia, Aug. 13, 2024 /PRNewswire/ -- During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso, inflationary pressures, and a decrease in the prices of our refined products. We managed these challenges with resilience, maximizing operational savings, controlling costs, and improving the realization prices of our crude oil. During 2Q24, Ecopetrol generated revenues of COP 32.6 trillion, an EBITDA of COP 14.1 trillion, a n
BOGOTA, Colombia, Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that the Board of Directors made the following appointments on August 30, 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as legal and alternate commercial representative.Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, as alternate legal and commercial representative.Cristina Toro Restrepo, Corporate Legal Vice President, as alternate legal and commercial representative.Ecopetrol also
BOGOTA, Colombia, June 28, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") informs that the Board of Directors, in its meeting held on June 28, 2024 adopted the following decisions: As part of the implementation of the new organizational structure, approved and reported on June 6, 2024, the following appointments were made: Sandra Lucía Rodríguez, who currently serves as Vice President of Sustainable Territorial Development, will be in charge of the Corporate Vice Presidency of Territorial Transformation and Health Safety and the Environment.Jaime Pineda, who currently serves as Vice President of Procurement and Services, will be in charge of th
BOGOTA, Colombia, June 5, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) reports that on May 29, 2024, the second-call ordinary meetings for the bondholders of local bond issuances made in 2010 and 2013 were held. These meetings were previously convened by the representatives of the bondholders, Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A. (the "Representatives"), through a widely circulated newspaper on May 21, 2024. The Representatives conducted the second call for bondholders' meetings with the purpose of submitting for consideration the statutory amendment approved by Ecopetrol's Ordinary General Shareholders' Meeting on March 22, 2024, in accordance
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares tumbled 24.12% after the company reported mixed Q3 earnings and lowered 2024 guidance below consensus estimates. Analysts cut the price forecasts on the stock. Floor & Decor Holdings, Inc. (NYSE:FND) shares lost 13.41%, possibly in reaction to worse-than-expected May Pending Home Sales economic data. Moderna, Inc. (NASDAQ:MRNA) shares fell 11.76% after the company’s RSV vaccine showed 50% efficacy. Birkenstock Holding Plc (NYSE:BIRK) stock declined 10.86% after the company announced an offering of up to 14 million ordinary sh
The loan is expected to be executed with Banco de Bogotá S.A. (COP 642 billion), Banco de Occidente S.A. (COP 208 billion) and Banco Popular S.A. (COP 150 billion), as lenders. The term of the loan is expected to be seven (7) years, with a grace period of two (2) years from the date of the first disbursement. The amortization is expected to be made in ten (10) equal semi-annual installments once the grace period is over and the interest rate is expected to be indexed to the IBR in the terms previously agreed with the banks. Aligned with the 2024 financing plan and maintaining the gross debt/EBITDA target for the year, the resources of this operation will be used for non-investment expenses,