Ecopetrol Hits 20-Day High Amid Acquisition News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
0mins
Should l Buy EC?
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.
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Analyst Views on EC
Wall Street analysts forecast EC stock price to fall
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 12.060
Low
8.70
Averages
10.35
High
12.00
Current: 12.060
Low
8.70
Averages
10.35
High
12.00
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.
Ecopetrol Announces Q4 and Full Year 2025 Results Release Schedule
- Earnings Release Schedule: Ecopetrol plans to release its financial and operational results for Q4 and the full year of 2025 after market close on March 4, 2026, demonstrating the company's commitment to transparency and investor communication.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, at 9:00 a.m. Colombia and New York time, with simultaneous transmission in Spanish and English, aimed at enhancing global investor engagement.
- Company Scale and Impact: As the largest company in Colombia, Ecopetrol is responsible for over 60% of the country's hydrocarbon production, holding a significant position in the energy market across the Americas, highlighting its critical role in the regional economy.
- International Business Expansion: Ecopetrol's drilling and exploration operations in the U.S., Brazil, and Mexico, along with its power transmission business in Brazil, Chile, Peru, and Bolivia, indicate the company's strategic positioning and growth potential in international markets.
See More
Ecopetrol to Release Q4 2025 Financial Results on March 4, 2026
- Earnings Release Schedule: Ecopetrol plans to release its financial and operating results for Q4 2025 and the full year on March 4, 2026, after market close, which may influence investor confidence.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, with simultaneous broadcasts in Spanish and English, aimed at enhancing investor engagement.
- Company Scale and Impact: As Colombia's largest company, Ecopetrol accounts for over 60% of the country's hydrocarbon production, highlighting its dominant position in the energy sector and its significance to the national economy.
- International Business Presence: Ecopetrol conducts drilling and exploration in the U.S., Brazil, and Mexico, further solidifying its strategic position in the Americas and enhancing its competitiveness in the global energy market.
See More
Ecopetrol to Release Q4 2025 Financial Results on March 4, 2026
- Earnings Release Schedule: Ecopetrol plans to release its financial and operational results for Q4 2025 and the full year on March 4, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, at 9:00 a.m. Colombia Time and New York Time, aimed at enhancing investor engagement through bilingual broadcasting.
- Company Scale and Impact: As Colombia's largest company, Ecopetrol accounts for over 60% of the country's hydrocarbon production, holding a significant position in the Americas' energy market, underscoring its critical role in the regional economy.
- International Business Expansion: Ecopetrol's exploration and drilling operations in the U.S., Brazil, and Mexico, along with its power transmission and road concession activities in various countries, indicate its globalization strategy and diversified growth direction.
See More
Colombian Prosecutors Plan to Charge Ecopetrol CEO
- Campaign Spending Violations: Colombian prosecutors are planning to charge Ecopetrol CEO Ricardo Roa for alleged violations of campaign spending limits exceeding 5 billion pesos (approximately $1.4 million) during President Petro's 2022 campaign, which could negatively impact the company's reputation and stock price.
- Influence Peddling Investigation: The attorney general's office is also investigating Roa for alleged influence peddling related to the purchase of a Bogota apartment from an oil executive, and if proven, this could further damage Ecopetrol's public image and lead to turmoil in its executive ranks.
- Fine History: Roa was fined last year by Colombia's National Electoral Council for exceeding campaign spending limits, and this historical record may undermine investor confidence in his leadership capabilities, adversely affecting Ecopetrol's market performance.
- Leadership Position Changes: Roa has held the CEO position at Ecopetrol since April 2023, and if he faces legal consequences, it could lead to significant changes in the company's strategic direction and operational management, impacting its future growth prospects.
See More
Ecopetrol Shareholders Elect Board Members for 2025-2029 Term
- Shareholders Meeting Held: On February 5, 2026, Ecopetrol convened an Extraordinary Shareholders' Meeting, successfully electing members for the 2025-2029 Board of Directors in accordance with legal and statutory requirements, demonstrating the company's governance stability and transparency.
- Board Members Elected: Shareholders elected nine directors, including independent members Ángela María Robledo Gómez and Ricardo Rodriguez Yee, with a voting approval rate of 95.18%, indicating strong shareholder support for the company's future strategic direction.
- Agenda Approval Rates: The meeting agenda received a 99.96% approval rate, reflecting shareholders' high recognition of the company's governance and decision-making processes, which further enhances trust in the market.
- Company Background: Ecopetrol is Colombia's largest company, responsible for over 60% of hydrocarbon production, and holds a significant position in the energy market across the Americas, poised to drive growth through strategic investments and international expansion.
See More
Ecopetrol Shareholders Elect Board Members for 2025-2029 Term
- Shareholders Meeting Held: On February 5, 2026, Ecopetrol convened an Extraordinary Shareholders' Meeting in compliance with legal requirements, where shareholders unanimously approved the meeting agenda, ensuring the meeting's legality and effectiveness.
- Board Members Elected: Shareholders elected members for the 2025-2029 Board of Directors, including independent directors Ángela María Robledo Gómez and Ricardo Rodriguez Yee, highlighting the company's commitment to independent governance structures.
- Voting Transparency: In the board election, 95.18% of shareholders supported the new board members, indicating strong shareholder confidence in the company's future direction and reflecting the transparency of corporate governance.
- Strategic Positioning: As Colombia's largest company, Ecopetrol accounts for over 60% of hydrocarbon production, further solidifying its integrated energy business position in the Americas, particularly in energy transmission and oil exploration internationally.
See More
Ecopetrol Announces Q4 and Full Year 2025 Results Release Schedule
- Earnings Release Schedule: Ecopetrol plans to release its financial and operational results for Q4 and the full year of 2025 after market close on March 4, 2026, demonstrating the company's commitment to transparency and investor communication.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, at 9:00 a.m. Colombia and New York time, with simultaneous transmission in Spanish and English, aimed at enhancing global investor engagement.
- Company Scale and Impact: As the largest company in Colombia, Ecopetrol is responsible for over 60% of the country's hydrocarbon production, holding a significant position in the energy market across the Americas, highlighting its critical role in the regional economy.
- International Business Expansion: Ecopetrol's drilling and exploration operations in the U.S., Brazil, and Mexico, along with its power transmission business in Brazil, Chile, Peru, and Bolivia, indicate the company's strategic positioning and growth potential in international markets.
See More
Ecopetrol to Release Q4 2025 Financial Results on March 4, 2026
- Earnings Release Schedule: Ecopetrol plans to release its financial and operating results for Q4 2025 and the full year on March 4, 2026, after market close, which may influence investor confidence.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, with simultaneous broadcasts in Spanish and English, aimed at enhancing investor engagement.
- Company Scale and Impact: As Colombia's largest company, Ecopetrol accounts for over 60% of the country's hydrocarbon production, highlighting its dominant position in the energy sector and its significance to the national economy.
- International Business Presence: Ecopetrol conducts drilling and exploration in the U.S., Brazil, and Mexico, further solidifying its strategic position in the Americas and enhancing its competitiveness in the global energy market.
See More
Ecopetrol to Release Q4 2025 Financial Results on March 4, 2026
- Earnings Release Schedule: Ecopetrol plans to release its financial and operational results for Q4 2025 and the full year on March 4, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Virtual Conference Timing: Management will hold a virtual conference on March 5, 2026, at 9:00 a.m. Colombia Time and New York Time, aimed at enhancing investor engagement through bilingual broadcasting.
- Company Scale and Impact: As Colombia's largest company, Ecopetrol accounts for over 60% of the country's hydrocarbon production, holding a significant position in the Americas' energy market, underscoring its critical role in the regional economy.
- International Business Expansion: Ecopetrol's exploration and drilling operations in the U.S., Brazil, and Mexico, along with its power transmission and road concession activities in various countries, indicate its globalization strategy and diversified growth direction.
See More
Colombian Prosecutors Plan to Charge Ecopetrol CEO
- Campaign Spending Violations: Colombian prosecutors are planning to charge Ecopetrol CEO Ricardo Roa for alleged violations of campaign spending limits exceeding 5 billion pesos (approximately $1.4 million) during President Petro's 2022 campaign, which could negatively impact the company's reputation and stock price.
- Influence Peddling Investigation: The attorney general's office is also investigating Roa for alleged influence peddling related to the purchase of a Bogota apartment from an oil executive, and if proven, this could further damage Ecopetrol's public image and lead to turmoil in its executive ranks.
- Fine History: Roa was fined last year by Colombia's National Electoral Council for exceeding campaign spending limits, and this historical record may undermine investor confidence in his leadership capabilities, adversely affecting Ecopetrol's market performance.
- Leadership Position Changes: Roa has held the CEO position at Ecopetrol since April 2023, and if he faces legal consequences, it could lead to significant changes in the company's strategic direction and operational management, impacting its future growth prospects.
See More
Ecopetrol Shareholders Elect Board Members for 2025-2029 Term
- Shareholders Meeting Held: On February 5, 2026, Ecopetrol convened an Extraordinary Shareholders' Meeting, successfully electing members for the 2025-2029 Board of Directors in accordance with legal and statutory requirements, demonstrating the company's governance stability and transparency.
- Board Members Elected: Shareholders elected nine directors, including independent members Ángela María Robledo Gómez and Ricardo Rodriguez Yee, with a voting approval rate of 95.18%, indicating strong shareholder support for the company's future strategic direction.
- Agenda Approval Rates: The meeting agenda received a 99.96% approval rate, reflecting shareholders' high recognition of the company's governance and decision-making processes, which further enhances trust in the market.
- Company Background: Ecopetrol is Colombia's largest company, responsible for over 60% of hydrocarbon production, and holds a significant position in the energy market across the Americas, poised to drive growth through strategic investments and international expansion.
See More
Ecopetrol Shareholders Elect Board Members for 2025-2029 Term
- Shareholders Meeting Held: On February 5, 2026, Ecopetrol convened an Extraordinary Shareholders' Meeting in compliance with legal requirements, where shareholders unanimously approved the meeting agenda, ensuring the meeting's legality and effectiveness.
- Board Members Elected: Shareholders elected members for the 2025-2029 Board of Directors, including independent directors Ángela María Robledo Gómez and Ricardo Rodriguez Yee, highlighting the company's commitment to independent governance structures.
- Voting Transparency: In the board election, 95.18% of shareholders supported the new board members, indicating strong shareholder confidence in the company's future direction and reflecting the transparency of corporate governance.
- Strategic Positioning: As Colombia's largest company, Ecopetrol accounts for over 60% of hydrocarbon production, further solidifying its integrated energy business position in the Americas, particularly in energy transmission and oil exploration internationally.
See More
