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Ecopetrol announces settlement between subsidiaries and Frontera » 06:43
11/17/20
11/17
06:43
11/17/20
06:43
EC

Ecopetrol

$11.66 /

+0.68 (+6.19%)

Ecopetrol subsidiaries…

Ecopetrol subsidiaries Cenit Transporte y Logistica de Hidrocarburos and Oleoducto Bicentenario de Colombia announced that they have reached an agreement with Frontera Energy Corporation for the joint filing of a petition for a binding settlement which, upon completion and approval by the competent Colombian court, will resolve all the disputes pending among them related to the Bicentenario Pipeline and the Cano Limon - Covenas Pipeline. The arrangement is conditional upon certain regulatory approvals, including approval of the settlement arrangement as a conciliation under Colombian law, which requires an opinion from the Attorney General's Office and approval of the Administrative Tribunal of Cundinamarca.

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EC Ecopetrol
$11.66 /

+0.68 (+6.19%)

07/17/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
06/09/20
Ecopetrol downgraded to Neutral from Buy at Citi
06/09/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
05/08/20 Bradesco BBI
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI
EC Ecopetrol
$11.66 /

+0.68 (+6.19%)

Earnings
Ecopetrol reports Q2 EBITDA COP 2.0B vs. COP 8.3B last year » 19:17
10/27/20
10/27
19:17
10/27/20
19:17
EC

Ecopetrol

$9.52 /

-0.055 (-0.57%)

Reports Q2 total sales…

Reports Q2 total sales COP 8.44B vs. COP 18.31B last year. CEO Felipe Pardo says: "In line with the guidance announced at the end of the first quarter, results for the second quarter reflect the impact of the unprecedented situation caused by the global spread of COVID-19. April reported the worst performance of crude prices since the beginning of the crisis. The inventory build-up and the contraction in demand as a result of the lockdown measures implemented worldwide led to a 38% decline in the Brent, compared to 2019 year-end, even with negative levels for WTI, and below USD 20 for Brent during some days. Likewise, during the second quarter, sales of our main products reported a decrease of 46%, mainly in jet fuel (-89%), gasoline (-46%) and diesel (-35%). This new reality required a rapid financial and operational adjustment that we executed decisively, while reinforcing our three strategic pillars: strict capital discipline, cash protection and cost efficiency, as well as reserve growth and profitable production. Thanks to this intervention, along with the gradual improvement in market conditions reported since mid-May, our operating and financial results, although impacted, were positive."

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EC Ecopetrol
$9.52 /

-0.055 (-0.57%)

07/17/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
06/09/20
Ecopetrol downgraded to Neutral from Buy at Citi
06/09/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
05/08/20 Bradesco BBI
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI
Over a quarter ago
Upgrade
Ecopetrol upgraded to Buy from Neutral at Citi » 12:23
07/17/20
07/17
12:23
07/17/20
12:23
EC

Ecopetrol

$12.06 /

+0.19 (+1.60%)

Citi analyst Pedro…

Citi analyst Pedro Medeiros upgraded Ecopetrol to Buy from Neutral with an unchanged price target of $14.50. He cites the recent selloff in the shares along with new oil price forecasts from the firm's commodities team for the change in rating.

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EC Ecopetrol
$12.06 /

+0.19 (+1.60%)

EC Ecopetrol
$12.06 /

+0.19 (+1.60%)

06/09/20
Ecopetrol downgraded to Neutral from Buy at Citi
06/09/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
05/08/20 Bradesco BBI
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI
04/29/20 Citi
Ecopetrol upgraded to Buy on higher oil price forecasts at Citi
EC Ecopetrol
$12.06 /

+0.19 (+1.60%)

Downgrade
Ecopetrol downgraded to Neutral from Buy at Citi » 10:23
06/09/20
06/09
10:23
06/09/20
10:23
EC

Ecopetrol

$12.85 /

-0.615 (-4.57%)

As previously reported,…

As previously reported, Citi analyst Pedro Medeiros downgraded Ecopetrol to Neutral from Buy with a price target of $14.50, up from $13.30, to reflect Q1 results and new oil prices forecast from the firm's commodities team. The analyst cited the recent rally for the downgrade, and feels "current oil prices continue to challenge producer economics even when considering the tariff discounts announced." Medeiros sees Ecopetrol trading at 9.5x-5.1x 2020-2021EV/EBITDA.

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EC Ecopetrol
$12.85 /

-0.615 (-4.57%)

EC Ecopetrol
$12.85 /

-0.615 (-4.57%)

06/09/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
05/08/20 Bradesco BBI
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI
04/29/20 Citi
Ecopetrol upgraded to Buy on higher oil price forecasts at Citi
04/29/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
EC Ecopetrol
$12.85 /

-0.615 (-4.57%)

Downgrade
Ecopetrol downgraded to Neutral from Buy at Citi » 10:14
06/09/20
06/09
10:14
06/09/20
10:14
EC

Ecopetrol

$12.91 /

-0.55 (-4.09%)

Citi analyst Pedro…

Citi analyst Pedro Medeiros downgraded Ecopetrol to Neutral from Buy.

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EC Ecopetrol
$12.91 /

-0.55 (-4.09%)

EC Ecopetrol
$12.91 /

-0.55 (-4.09%)

05/08/20 Bradesco BBI
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI
04/29/20 Citi
Ecopetrol upgraded to Buy on higher oil price forecasts at Citi
04/29/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
04/06/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
EC Ecopetrol
$12.91 /

-0.55 (-4.09%)

Upgrade
Ecopetrol upgraded to Outperform from Underperform at Bradesco BBI » 05:31
05/08/20
05/08
05:31
05/08/20
05:31
EC

Ecopetrol

$10.02 /

+0.26 (+2.66%)

Bradesco BBI analyst…

Bradesco BBI analyst Vicente Neto double upgraded Ecopetrol to Outperform from Underperform with a $14.50 price target.

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EC Ecopetrol
$10.02 /

+0.26 (+2.66%)

04/29/20 Citi
Ecopetrol upgraded to Buy on higher oil price forecasts at Citi
04/29/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
04/06/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
03/23/20 Goldman Sachs
Ecopetrol double-upgraded to Buy from Sell at Goldman Sachs
Upgrade
Ecopetrol upgraded to Buy on higher oil price forecasts at Citi » 12:15
04/29/20
04/29
12:15
04/29/20
12:15
EC

Ecopetrol

$10.69 /

+0.405 (+3.94%)

As previously reported,…

As previously reported, Citi analyst Pedro Medeiros upgraded Ecopetrol to Buy from Neutral with a price target of $13.30, up from $11.80. He is updating his models to reflect a stronger recovery in crude oil prices by the second half and through 2021, adding that Ecopetrol is one of the most levered names in Latin American energy to oil prices. He believes his forecasts for prices to recover to above $40 per barrel by Q4 of 2020 implies strong value potential for Ecopetrol, the analyst added.

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EC Ecopetrol
$10.69 /

+0.405 (+3.94%)

04/29/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
04/06/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
03/23/20 Goldman Sachs
Ecopetrol double-upgraded to Buy from Sell at Goldman Sachs
03/16/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
Upgrade
Ecopetrol upgraded to Buy from Neutral at Citi » 12:08
04/29/20
04/29
12:08
04/29/20
12:08
EC

Ecopetrol

$10.71 /

+0.42 (+4.08%)

Citi analyst Pedro…

Citi analyst Pedro Medeiros upgraded Ecopetrol to Buy from Neutral.

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EC Ecopetrol
$10.71 /

+0.42 (+4.08%)

04/06/20 Citi
Ecopetrol downgraded to Neutral from Buy at Citi
03/23/20 Goldman Sachs
Ecopetrol double-upgraded to Buy from Sell at Goldman Sachs
03/16/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
02/21/20 BTG Pactual
Ecopetrol upgraded to Neutral from Sell at BTG Pactual
Downgrade
Ecopetrol downgraded to Neutral from Buy at Citi » 05:32
04/06/20
04/06
05:32
04/06/20
05:32
EC

Ecopetrol

$11.24 /

+1.005 (+9.82%)

Citi analyst Pedro…

Citi analyst Pedro Medeiros downgraded Ecopetrol to Neutral from Buy with an unchanged price target of $11.80. The analyst cites valuation for the downgrade following the recent rally. Ecopetrol offers one of the highest operating leverage to higher oil prices in the region, but the risk/reward on oil for the coming 12 months is already priced in, Medeiros tells investors in a research note.

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EC Ecopetrol
$11.24 /

+1.005 (+9.82%)

03/23/20 Goldman Sachs
Ecopetrol double-upgraded to Buy from Sell at Goldman Sachs
03/16/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
02/21/20 BTG Pactual
Ecopetrol upgraded to Neutral from Sell at BTG Pactual
12/19/19 JPMorgan
JPMorgan upgrades Ecopetrol to Overweight, ups price target to $24
Upgrade
Ecopetrol double-upgraded to Buy from Sell at Goldman Sachs » 20:48
03/23/20
03/23
20:48
03/23/20
20:48
EC

Ecopetrol

$7.20 /

+0.08 (+1.12%)

Goldman Sachs analyst…

Goldman Sachs analyst Bruno Amorim double-upgraded Ecopetrol to Buy from Sell with a lower price target of $12.40, down from $18. The analyst believes that the company is especially prepared to face low oil prices in 2020 in terms of balance sheet structure given its relatively lower leverage and solid cash position. Amorim adds that 32% of Ecopetrol's 2019 EBITDA came from the midstream business, which is based on long-term contracts that may not be impacted by the current oil price volatiliy.

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EC Ecopetrol
$7.20 /

+0.08 (+1.12%)

03/16/20 Citi
Ecopetrol upgraded to Buy from Neutral at Citi
02/21/20 BTG Pactual
Ecopetrol upgraded to Neutral from Sell at BTG Pactual
12/19/19 JPMorgan
JPMorgan upgrades Ecopetrol to Overweight, ups price target to $24
12/19/19 JPMorgan
Ecopetrol upgraded to Overweight from Neutral at JPMorgan

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