18.63 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||18.59 x 1400|
|Ask||18.60 x 1400|
|Day's Range||18.47 - 18.99|
|52 Week Range||15.25 - 27.96|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||8.71|
|Forward Dividend & Yield||1.44 (7.65%)|
|1y Target Est||18.38|
Ministry of Mines and Energy of Brazil authorizes the transfer of 10% stake in Saturno block to Ecopetrol
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.
Fluor (FLR) is set to boost the Diversified Services business with Ecopetrol's Colombia-based refineries' turnaround maintenance services.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
The deepwater terminal will not only expand Phillips 66's (PSX) logistics business but will also compete with several other export facilities planning to dispatch domestic oil across the globe.
Let's look at some oil and energy stocks that are projected to perform well in the coming months and even years despite the current headwinds.
Luminus believes that Ensco Rowan (ESV) stock will gain momentum, once the company shows commitment in returning capital back to the shareholders through dividend payment.
Enterprise's (EPD) pipelines connect consumers of commodities with all the prolific shale resources in the United States, providing the partnership with steady fee-based revenues.
Conservative capital spending by North American explorers, Permian bottleneck problem and lower rig employment by the customers have hurt Halliburton's (HAL) oilfield service demand.
With foothold in prolific Permian and focus to lower well costs and LOE, Approach Resources (AREX) is a promising investment bet now.
With the extension of the ethylene pipeline network, Enterprise Products (EPD) will capitalize on the growing petrochemical industry in the United States.
Fitch Ratings Revises Ecopetrol S.A.´s Outlook in Line with the Action Taken on the Colombia´s Sovereign Rating Outlook
Waning oil volumes imported by China from the United States is not likely to upset the Enterprise's (EPD) fortunes. This is because America is not dependent on China solely to sell its oil.
Being a pure-play Permian player, Pioneer Natural (PXD) is likely to gain from its huge inventory of low-cost premium wells.
Ecopetrol SA ADR (NYSE:EC) is an integrated (it does exploration and production, pipelines and refinery and retail) energy company that is based in Colombia. It has about 60% of its operations there, but also has operations in Brazil, Peru and the Gulf of Mexico.Source: Shutterstock It's important to remember that the Andean nations -- especially Colombia, Ecuador and Peru -- have significant amounts of oil and natural gas. As a matter of fact, Colombia is nestled between Venezuela and Ecuador, both Organization of Petroleum Exporting Countries (OPEC) members.Colombia likely never became a member simply because it has always had a strong relationship with the U.S., and OPEC membership makes that relationship a bit tenser. Also, Colombia was a bit later to the energy game and has built much of its energy business domestically, rather than having outside firms come in and drill on its lands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome of that was due to the long-standing civil war in the country that made exploration and production a much more dangerous proposition than it did in neighboring countries.But now, those issues are behind the nation and EC is making up for lost time. What's Next for EC StockThe most significant opportunity now for EC stock is to make up for all the lost demand from Venezuela, as that country is paralyzed by its current political problems. * 7 High-Yield REITs to Buy (Even When the Market Tanks) Ecopetrol released its Q1 earnings earlier this month and everything is looking up. Earnings are up, demand is up, refining operations (the profitable aspect of the business) are up, margins are rising. And a weaker dollar is also a boon for EC.What's more, a slow-growth global economy helps emerging markets manage their growth a bit better. And relatively high and stable oil prices are also beneficial to integrated oil companies since equipment is cheaper to buy and spending in local currencies is less costly.Looking forward, if the U.S. and China continue their trade war, it means China will be looking for other vendors to ship liquified natural gas (LNG) to it. While EC isn't big into that side of the business, given the fact that China is already deeply involved in Venezuela's energy business, it wouldn't be surprising if they began talking to EC stock about building out facilities for LNG export.Asia is already a good client of Ecopetrol exports., and this current trade war likely won't be the last. And China has been actively seeking partnerships with countries beyond the U.S. for strategic industrial metals and energy products.But all this isn't reflected in EC stock at the moment. After a strong 14% run so far this year, it's still off 17% in the past 12 months. However, EC stock does deliver a generous 5.7% dividend, which is always helpful.My Portfolio Grader rates the stock a C here, or hold. Drilling down, its Fundamentals grade is an A and its Quantitative (momentum) grade is a C. And therein lies the rub.Basically the stock isn't getting much attention because there are energy stocks in the U.S. that are easier to follow. But few are integrated oil firms. And that is the interesting aspect of EC. It flies under the radar. Granted it's a bit risky, but energy prices and demand look like they're on an upswing and EC will be a beneficiary.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Has Ecopetrol Stock Turned a Corner? appeared first on InvestorPlace.
Higher daily oil equivalent production and increased transported volumes of the commodity back Ecopetrol's (EC) year-over-year rise in quarterly results.