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EC

Ecopetrol

$8.39

0.33 (4.09%)

05:13
11/22/16
11/22
05:13
11/22/16
05:13

Ecopetrol approves investment plan for about $3.5B for FY17

Ecopetrol S.A. reports that its board has approved an investment plan for approximately $3.5M for 2017. Nearly $2.85B will be allocated to exploration and production. The planned investment in this segment doubles the amount budgeted for 2016, in line with the 2020 Business Plan. Investment in exploration will be increased from $282M in 2016 to $650M in 2017. The Ecopetrol Group will continue to produce an average of about 715 thousand barrels of oil equivalent per day during 2017. This production level lays the foundation for Ecopetrol's expected increase in production by 2020 of between 760 and 830 thousand barrels of oil equivalent per day, depending on international crude oil prices.

EC Ecopetrol
$8.39

0.33 (4.09%)

03/08/16
DBAB
03/08/16
DOWNGRADE
Target $10
DBAB
Hold
Ecopetrol downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Alexander Burgansky downgraded Ecopetrol to Hold saying the company's improved efficiencies are now fully priced in with the stock up 46% in the past month. The analyst believes further share upside is limited. He raised his price target for the shares to $10 from $8.40.
07/07/16
MSCO
07/07/16
UPGRADE
MSCO
Equal Weight
Ecopetrol upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Bruno Montanari upgraded Ecopetrol to Equal Weight and raised its price target to $9.50 from $6.50 citing valuation and higher oil prices.
09/09/16
TUDR
09/09/16
UPGRADE
TUDR
Hold
Ecopetrol upgraded to Hold from Sell at Tudor Pickering
11/17/16
TUDR
11/17/16
UPGRADE
TUDR
Hold
Ecopetrol upgraded to Hold from Sell at Tudor Pickering

TODAY'S FREE FLY STORIES

SWN

Southwestern Energy

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0.085 (1.11%)

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UNTY

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FB

Facebook

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KBR

KBR

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0.19 (1.23%)

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KBR

KBR

$15.75

0.265 (1.71%)

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SAVE

Spirit Airlines

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RDUS

Radius Health

$38.72

-0.5 (-1.27%)

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CVX

Chevron

$106.39

0.92 (0.87%)

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KBR

KBR

$15.79

0.31 (2.00%)

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ATW

Atwood Oceanics

$7.89

0.05 (0.64%)

, DO

Diamond Offshore

$14.58

0.09 (0.62%)

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DO

Diamond Offshore

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ESV

Ensco

$7.93

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NE

Noble Corp.

$4.93

0.095 (1.97%)

NADL

North Atlantic Drilling

$2.44

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PACD

Pacific Drilling

$1.74

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RDC

Rowan Companies

$14.02

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SDRL

Seadrill

$0.68

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TLK

Telekom Indonesia

11:33
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Upgrade
Telekom Indonesia rating change  »

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IWM

iShares Trust Russell 2000 Index Fund

$139.61

-1.34 (-0.95%)

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General news
Euro$ interest rate futures are marginally lower »

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CVX

Chevron

$106.63

1.16 (1.10%)

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CI

Cigna

$155.12

-1.09 (-0.70%)

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Anthem

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GPRO

GoPro

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ESGR

Enstar Group

$195.55

-1.6 (-0.81%)

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VLKAY

Volkswagen

$31.82

-0.31 (-0.96%)

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Periodicals
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$NSD

NASDAQ Market Internals

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NCSM

NCS Multistage

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CVX

Chevron

$106.58

1.11 (1.05%)

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$NYE

NYSE Market Internals

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CVX

Chevron

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NCSM

NCS Multistage

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