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 |
BOGOTA, Colombia, Oct. 1, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that the following permanent appointment has been made as part of the implementation of the new organizational structure announced on June 6, 2024: Juan Carlos Hurtado Parra as Vice President of the Upstream segment, who has been in charge of this department since June 15 and assumes the position permanently as of today, October 1. Juan Carlos is an electrical engineer from the Industrial University of Santander, a specialist in Project Evaluation a
BOGOTA, Colombia, Sept. 24, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that, in compliance with the ruling issued by the Fourth Labor Court of the Santa Marta Circuit, the names "Uchuva" and "Tayrona" will no longer be used to refer to its offshore exploration projects in the Colombian Caribbean, nor any project in which the Company is involved. This mention of the former names is made only once to comply with the court's order. In collaboration with Petrobras, Ecopetrol's partner in these projects, it has been agreed that the first project will now
BOGOTÁ, Colombia, Sept. 5, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5 billion. This make whole covered a notional amount of US$250 million and the repurchase price was US$1,014.41 per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to the redemption date. The partial make whole was announced by the Company on August 6, 2024, in line with the objectiv
6-K - ECOPETROL S.A. (0001444406) (Filer)
SD - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
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 , 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, July 30, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, August 13, 2024, it plans to release its financial and operating results for the second quarter of 2024. On Wednesday, August 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 will be available: https://xegmenta.co/ecopetrol/conferencia-de-resultados-2t-2024/ Once you receive the invitation, you wil
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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,
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