Citigroup downgraded Ecopetrol from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2025 | $9.00 → $14.00 | Neutral → Buy | Citigroup |
| 2/13/2025 | $9.50 | Underweight → Neutral | 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 |
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
BOGOTA, Colombia, June 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", ) informs that S&P Global Ratings maintained the Company's global credit rating at BB+ as well as its negative outlook, as reported today, June 4, 2025. Additionally, the agency lowered the Company's Stand Alone Credit Profile (SACP) rating from bbb- to bb+. S&P mentioned that lower oil prices and exchange rate volatility have impacted the Company's financial performance during the last year, and it estimated that Ecopetrol's debt/EBITDA ratio would remain at a level above 2.0. The rating agency positively highlighted the Company's strategy, focused on growth prospects, reserve replenish
BOGOTA D.C., Colombia, June 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Board of Directors appointed Rodolfo Mario García Paredes as Acting Corporate Compliance Director and Interim Anti-Money Laundering Compliance Officer at its June 3, 2025 meeting, effective as of June 4, 2025. Mr. García Paredes, who has most recently served as Legal Manager of Hydrocarbons, is an attorney specializing in public management and institutions. For more than 25 years he has belonged to Ecopetrol's Corporate Legal Vice Presidency, where he has held senior positions, including Legal Advisory Manager for Exploration, Legal Manager for New Business, Corporate Affairs, and
BOGOTA, Columbia, May 21, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that it executed an asset purchase purchase agreement with Statkraft European Wind and Solar Holding, AS ("Statkraft") on May 20, 2025, for the potential acquisition of its portfolio in Colombia. This portfolio includes one company dedicated to the development and operation of solar and wind assets, six special purpose entities owning solar projects (614 MW), and three special purpose entities owning wind projects (750 MW) (the "Portfolio"). The agreement is subject to the fulfillment of conditions precedent and other legal requirements, which, once met, is intended to allow Ecopetrol S.A. to a
Citigroup upgraded Ecopetrol from Neutral to Buy and set a new price target of $14.00 from $9.00 previously
Analyst upgraded Ecopetrol from Underweight to Neutral and set a new price target of $9.50
JP Morgan downgraded Ecopetrol from Neutral to Underweight and set a new price target of $8.50 from $12.00 previously
BOGOTA D.C., Colombia, June 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Board of Directors appointed Rodolfo Mario García Paredes as Acting Corporate Compliance Director and Interim Anti-Money Laundering Compliance Officer at its June 3, 2025 meeting, effective as of June 4, 2025. Mr. García Paredes, who has most recently served as Legal Manager of Hydrocarbons, is an attorney specializing in public management and institutions. For more than 25 years he has belonged to Ecopetrol's Corporate Legal Vice Presidency, where he has held senior positions, including Legal Advisory Manager for Exploration, Legal Manager for New Business, Corporate Affairs, and
GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol (NYSE:EC), one of the most important energy groups in Latin America, where he
BOGOTA, Colombia, March 31, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that during the ordinary General Shareholders' Meeting held on March 28, 2025, which was duly convened in accordance with the legal and statutory requirements applicable to the Company, the shareholders cast their votes on each of the below items on the agenda: Approval of the agendaThe proposed agenda for the meeting was approved. Appointment of the Chair of the MeetingMr. Guillermo García Realpe, Chair of the Board of Directors, was appointed as Chair of the Meeting. Appointmen
BOGOTA, Colombia, April 22, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, May 6, 2025, it plans to release its financial and operating results for the first quarter of 2025. On Wednesday, May 7, 2025, 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, participants can use the following l
BOGOTA, Colombia, March 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") hereby announces the Company's proposal for the distribution of 2024 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the General Shareholders' Meeting that will be held on March 28, 2025: 2024 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 14,934,704,561,251 + Release of reserves from previous years 12,502,312,256,016 Occasional reserve fo
BOGOTA, Colombia, Feb. 18, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, March 4, 2025, it plans to release its financial and operating results for the fourth quarter and full year of 2024. On Wednesday, March 5, 2025, 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 09:00 a.m. NY Time To access the webcast, participants can u