17.22 -0.12 (-0.69%)
Pre-Market: 5:14AM EDT
|Bid||14.00 x 2200|
|Ask||24.80 x 1000|
|Day's Range||17.26 - 17.40|
|52 Week Range||15.21 - 26.06|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||8.10|
|Forward Dividend & Yield||0.96 (5.51%)|
|1y Target Est||17.99|
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Colombia's state-run oil company Ecopetrol will be ready to start fracking pilot projects in the second half of 2020, chief executive Felipe Bayon said on Wednesday, as oil companies await federal regulatory guidelines for the projects. The pilots are part of the Andean country's efforts to determine whether hydraulic fracturing, which breaks up rock formations with pressurized liquid, will be allowed. Fracking, which environmental activists blame for water contamination, is the subject of an ongoing lawsuit in the country's top administrative court, which has ruled that pilot programs can go ahead while the case proceeds.
Increasing M&A deals, growing AI dominance and favorable regulatory tidings continue to boost the biotech stocks. Accordingly, we take a look at biotech ETFs gaining more than 10% year to date.
Pipeline company Oleoducto de Colombia is ready to move increased crude output from the center of Colombia to the Caribbean if the use of fracking is approved in the Andean country, the company's chief executive said on Wednesday. Both the government and investors interested in possible projects that would use hydraulic fracturing, which breaks up rock formations with pressurized liquid, are waiting for an administrative tribunal to rule on whether the technique will be allowed. The government has said that fracking could nearly triple the country's reserves to some 1.95 million barrels, equivalent to 6.2 years.
Cartagena refinery's lower margin and decline in oil price realization hurt Ecopetrol's (EC) Q2 profit, partially offset by the increase in crude transported volumes.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Black Gold Re and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
A bomb and two illegal valves have damaged sections of Colombia's Transandino pipeline, state-run oil company Ecopetrol said on Saturday. The two valves, installed to steal crude, were placed by unknown persons in the municipality of Barbacoas in southwestern Narino province, near the border with Ecuador, the company said in a statement. The bombing, which dented the pipeline's tubing, occurred overnight in Ricaurte, also in Narino province, the statement added.
BOGOTÁ, Colombia , Aug. 12, 2019 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the second quarter of 2019, prepared in accordance ...
BOGOTA, Colombia , Aug. 6, 2019 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company) announces that on August 12, 2019 after market close, it will release ...
Ecopetrol Announces Conference Call about Strategic Partnership with Occidental to Develop Acreage in Midland Basin
Occidental Petroleum Corp , which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% drop in quarterly profit on Wednesday, as costs related to the deal and weaker chemical earnings hit its bottom line. Investors closely watch operating cash flow as a sign of a company's ability to cover shareholder payouts and operating expenses.
Occidental Petroleum Corp , which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% drop in quarterly profit on Wednesday, as costs related to the deal and weaker chemical earnings hit its bottom line. Investors closely watch operating cash flow as a sign of a company's ability to cover shareholder payouts and operating expenses. Analysts were expecting the company to report earnings of 93 cents a share on the same basis, according to IBES data from Refinitiv.
NYSE: EC) announced today that it formed a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental's Midland Basin properties in the Permian Basin. The JV enables Ecopetrol to book ~160 MMboe of proved undeveloped reserves at transaction closing and provides access to one of the most prolific resource plays in the world. The JV will progressively increase production until 2027, when production for Ecopetrol in the JV is estimated to reach circa 95 kboed.
NYSE: EC) announces that the rating agency Moody's has kept the Company's long-term international rating at Baa3, with stable outlook. In its report, Moody's highlighted the Company's strength as a leading firm in Colombia, its operating performance and capital efficiency, as well as the stable cash generation of its Transportation and Logistics segment. In the press release, Moody's highlighted the Company's positive cash levels, as well as the strength of its credit metrics, thanks to the debt prepayments it has made in recent years.
BOGOTÁ, Colombia , July 18, 2019 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the Ministry of Mines and Energy of Brazil has authorized the transfer of a 10% stake in the Saturno ...
NYSE: EC) reports that the Boranda-2 ST well, located in Rionegro (Santander), has discovered the presence of crude in the Eoceno basal sands. The well was drilled from the same platform as the Boranda-1 discovery well (finding reported in 2017 in the Playón block, now known as Boranda), some 1,200 meters to the southeast. Ecopetrol owns a 50% stake in the block, with the other 50% owned by Parex, who is the operator.