Ecopetrol Initiates Collective Bargaining with Unions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Jan 26
Ecopetrol's stock rose by 3.35% and reached a 52-week high amid a challenging market environment, with the Nasdaq-100 down 1.48% and the S&P 500 down 0.80%.
The company has initiated collective bargaining with multiple unions, including USO and Adeco, demonstrating its commitment to worker welfare and aiming to foster harmonious labor relations. This move reinforces Ecopetrol's position as Colombia's largest company, accounting for over 60% of hydrocarbon production, and highlights its ongoing international business expansion in the U.S., Brazil, and Mexico.
This positive development in labor relations may enhance Ecopetrol's operational stability and investor confidence, potentially leading to further growth in its market position.
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.
