Ecopetrol Hits 20-Day High Amid Acquisition News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Nov 25
Source: Fool
Shares of Ecopetrol S.A. (EC.N) reached a 20-day high today, buoyed by the successful acquisition of a solar project portfolio from Statkraft for USD 157.5 million. This strategic move enhances Ecopetrol's renewable energy capacity by approximately 0.6 GW, aligning with its 2040 decarbonization strategy. The company aims to bolster its position in low-emission energy generation, complementing its traditional oil and gas operations. Additionally, Ecopetrol's recent leadership appointments and ongoing energy transition initiatives further solidify its commitment to sustainability and growth in the evolving energy landscape.
Analyst Views on EC
Wall Street analysts forecast EC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EC is 7.85 USD with a low forecast of 7.00 USD and a high forecast of 8.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 12.770
Low
7.00
Averages
7.85
High
8.70
Current: 12.770
Low
7.00
Averages
7.85
High
8.70
About EC
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
