Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA DE VALORES DE COLOMBIA  >  Ecopetrol SA    ECO   COC04PA00016

News SummaryMost relevantAll newsSector news 

Ecopetrol S.A. : Colombia Stocks Continue To Rally, Led By Ecopetrol

share with twitter share with LinkedIn share with facebook
share via e-mail
05/02/2012 | 11:15pm CEST

Colombian stocks extended their rally to five straight sessions Wednesday as oil shares surged higher amid a better-than-forecast earnings report from state energy company Ecopetrol (ECOPETROL.BO, EC).

The Colcap, which is the Colombian Stock Exchange's benchmark index, climbed 1.6%, to end at 1,814.12 points. Wednesday's gains put the index at its highest closing level since December 2010, effectively erasing its 14% decline last year.

Ecopetrol shares rose 2.6% to close at COP5,850, its highest ever. The oil company late Monday announced a 28% increase in unconsolidated net income in the first quarter compared with that quarter of 2011, to $2.5 billion.

Markets in Colombia were closed Tuesday for the May Day labor celebrations.

Meanwhile, the Colombian peso ended near its strongest level in more than a year, at COP1,756.60 for a dollar from COP1,762.40 a day earlier, according to Set-FX.

The Colombia Central Bank said Monday it would extend by three months its daily purchase of at least $20 million in the forex market, aimed at preventing excessive peso strength. Some investors were hoping the bank would increase the minimum amount to $30 million or so.

The dollar purchases will now continue to at least Nov. 4, from the previous planned end-date of Aug. 2.

The yield on Colombia's peso-denominated bond due July 2024 closed at 7.090% after beginning the session at 7.108%. Yields have been declining for weeks due to lower consumer price inflation that's expected to continue trending lower.

-By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ECOPETROL SA
09/19 INTERCONEXION ELECTRICA S A : Result of Ecopetrol's Third Auction of the Equity ..
09/13 INTERCONEXION ELECTRICA S A : Ecopetrol Publishes the Offering Notice Regarding ..
08/31 ECOPETROL : informs the measures adopted to guarantee the adequate representatio..
08/30 ECOPETROL : Extraordinary Shareholders' Meeting
08/30 ECOPETROL S.A. : has been notified of Resolution 53015 of 2016, issued by the Su..
08/28 ECOPETROL : ​ Ecopetrol S.A. has been notified of Resolution 53015 of 2016..
08/28 ECOPETROL : acute;s Extraordinary Shareholders' Meeting
08/28 ECOPETROL : informs the resignation of a member of the Board of Directors
08/18 ECOPETROL : Announces its Results for the Second Quarter and First Half of 2016
08/10 ECOPETROL : Second Quarter and Half Year Earnings Release and Conference Call
More news
Sector news : Integrated Oil & Gas
05:15pDJBP Signs Amendments to Three Concession in Egypt
02:01p BP : signs three concession amendments with Egypt
08:49aDJPETROLEO BRASILEIRO PETROBRAS : Ex-Minister Arrested in Graft Probe -- WSJ
09/26DJPETROLEO BRASILEIRO PETROBRAS : Brazil's Former Finance Minister Palocci Arreste..
09/26 No sign of oil freeze at home as Russia meets OPEC
More sector news : Integrated Oil & Gas
News from SeekingAlpha
08/31 APPLE : The European Union's Pointless Tax Crusade
08/16 Ecopetrol reports Q2 results
08/05 Occidental Petro?s Colombia pipeline outage persists
08/02 ROYAL DUTCH SHELL : Will The Big Bet On Natural Gas Pay Off?
Financials ( COP)
Sales 2016 46 308 545 M
EBIT 2016 8 807 981 M
Net income 2016 2 315 500 M
Debt 2016 50 937 054 M
Yield 2016 1,73%
P/E ratio 2016 3,82
P/E ratio 2017 9,44
EV / Sales 2016 2,17x
EV / Sales 2017 1,79x
Capitalization 49 545 617 M
More Financials
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 13
Average target price 1 208  COP
Spread / Average Target 0,24%
Consensus details
EPS Revisions
More Estimates Revisions
Juan Carlos Echeverry Garzón President & Chief Executive Officer
Camilo Marulanda López Chief Operating Officer
María Fernanda Suárez Londoño Chief Financial Officer
Néstor Fernando Saavedra Trujillo Vice President-Innovation & Technology
Joaquín Moreno Uribe Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOTAL1.13%117 220
NK ROSNEFT' PAO--.--%58 134
ENI SPA-8.33%50 552
More Results