EC News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

In accordance with the authorizations and recommendations provided by the Colombian Financial Superintendence and the Superintendence of Companies, the President of Ecopetrol S.A. (the "Company") is permitted to publicize the call notice published on February 25, 2020 and its reminder published on March 22, 2020 in order to specify that:

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") informs that in an extraordinary session held on March 16, its Board of Directors adopted a set of actions to address the challenging market conditions, which have resulted, among other matters, in a 40% decline in the Brent crude price as compared to the end of 2019, due to external shocks such as the strong escalation in the supply of oil and the spread of COVID-19.

Ecopetrol S.A. (EC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announced the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the "SEC").

Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) publishes the release from its subordinate Bioenergy S.A.S, that together with Bioenergy Zona Franca S.A.S, were admitted in the reorganization process by the Superintendence of Companies under Law 1116 of 2006, which will allow them to organize financial, administrative and operational aspects to preserve their sustainability.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company) announces that on May 11, 2020 after market close, it will release its financial and operating results for the first quarter of 2020. On Tuesday, May 12, Ecopetrol's senior management will host two conference calls to review the results. Please find below the timing, dial-in and links to access the conferences:

Moody's Investors Service (Moody's) assigned a Baa3 rating to Ecopetrol S.A.'s (Ecopetrol) proposed new global notes. The Baa3 rating on the proposed notes is based on the rating of Ecopetrol. The proposed notes are senior unsecured, unsubordinated and pari passu with Ecopetrol's other senior foreign currency debt.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Ecopetrol (EC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia.

Ecopetrol (EC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company) announces that on February 25, 2020 after market close, it will release its financial and operating results for the fourth quarter and full year 2019, and the 2020-2022 Business Plan. On Wednesday, February 26, Ecopetrol's senior management will host two conference calls to review the results and the company's' perspectives for the next three years. Please find below the timing, dial-in and links to access the conferences:

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the ordinary General Shareholders' Meeting, held on March 27, 2020, approved the earnings distribution proposal presented for their consideration, which establishes the distribution of an ordinary dividend per share of one hundred and eighty pesos (COP$ 180).

EC earnings call for the period ending March 31, 2020.

Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) and Shell, through its subsidiary Shell EP Offshore Ventures Limited ("Shell"), signed an agreement whereby Shell will acquire a 50% stake in Fuerte Sur, Purple Angel and COL-5 blocks, located in the Colombian Caribbean deep-water, where a new gas province was discovered including the Kronos (2015), Purple Angel and Gorgon (2017) wells, which were previously announced to the market.

Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced today the Business Group's 2019 fourth quarter and full-year financial results, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia.

Shell plans to drill an appraisal well in the area by the end of 2021.