Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

ECOPETROL SA (ECO)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ECOPETROL SA
06/21ECOPETROL S.A. : to prepay international loans guaranteed by US Exim Bank for a ..
AQ
06/13COLOMBIA`S ECOPETROL TO IMPORT 3,000 : source
AQ
05/04ECOPETROL S.A. : Announces 2018 First Quarter Results
AQ
05/03ECOPETROL : Announces Timing of the First Quarter of 2018 Earnings Report and Co..
AQ
05/01ECOPETROL S.A. : 's Board of Directors Approves Membership of its Committees
AQ
04/26ECOPETROL : files its Form 20-F for the Fiscal Year 2017
AQ
04/25Comcast Corporation Superior Cash Offer for Sky -19-
DJ
04/25Comcast Corporation Superior Cash Offer for Sky -18-
DJ
04/13ECOPETROL : reports liquidation of one of its subsidiaries
AQ
04/13ECOPETROL SA : Ex-dividend day for interim dividend
FA
More news
News from SeekingAlpha
06/20Ecopetrol has no restart date for Cano Limon pipeline, shut since January 
06/18DUQUE WINS : Colombia's Economy Set To Boom 
05/16Ecopetrol, Repsol to drill 19 new wells at Colombian oil field 
05/07Ecopetrol S.A. 2018 Q1 - Results - Earnings Call Slides 
05/06Ecopetrol's (EC) CEO Alberto Consuegra on Q1 2018 Results - Earnings Call Tra.. 
Financials ( COP)
Sales 2018 64 469 B
EBIT 2018 20 063 B
Net income 2018 10 873 B
Debt 2018 30 902 B
Yield 2018 4,06%
P/E ratio 2018 10,70
P/E ratio 2019 12,34
EV / Sales 2018 2,33x
EV / Sales 2019 2,23x
Capitalization 119 432 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 2 302  COP
Spread / Average Target -20%
EPS Revisions
Managers
NameTitle
Felipe Bayón Pardo Chief Executive Officer
Carlos Alfredo Cure Cure Chairman
María Fernanda Suárez Londoño Chief Financial Officer
Rafael Ernesto Guzmán Ayala Vice President-Technical
Andrés Mantilla Vice President-Innovation & Technology
Sector and Competitors
1st jan.Capitalization (M$)
ECOPETROL SA40 965
ROYAL DUTCH SHELL4.30%286 598
PETROCHINA COMPANY-8.28%200 666
TOTAL11.30%159 549
EQUINOR21.92%87 486
NK ROSNEFT' PAO--.--%65 406