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MarketScreener Homepage  >  Equities  >  BOLSA DE VALORES DE COLOMBIA  >  ECOPETROL S.A.    ECOPETROL   COC04PA00016

ECOPETROL S.A.

(ECOPETROL)
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Ecopetrol, Occidental Gets U.S. OK for Permian Venture

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10/22/2019 | 09:49am EST

By Colin Kellaher

Ecopetrol S.A. on Tuesday said it received U.S. regulatory approval for its planned Permian Basin joint venture with Occidental Petroleum.

The Colombian oil and gas company said it expects to complete the transaction by the end of the year.

Ecopetrol and Occidental in July said the venture would develop 97,000 net acres of Occidental's Midland Basin properties in the Permian Basin, with Ecopetrol paying $750 million in cash plus $750 million of carried capital in exchange for a 49% stake in the venture.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ECOPETROL S.A. -0.96% 3100 End-of-day quote.16.98%
OCCIDENTAL PETROLEUM CORPORATION 1.51% 39.1455 Delayed Quote.-37.86%
WTI 2.04% 58.14 Delayed Quote.25.31%
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Financials (COP)
Sales 2019 71 461 B
EBIT 2019 22 485 B
Net income 2019 12 389 B
Debt 2019 29 392 B
Yield 2019 4,76%
P/E ratio 2019 -
P/E ratio 2020 8,64x
EV / Sales2019 2,21x
EV / Sales2020 2,25x
Capitalization 128 695 B
Chart ECOPETROL S.A.
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ECOPETROL S.A. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 3 146,43  COP
Last Close Price 3 130,00  COP
Spread / Highest target 13,4%
Spread / Average Target 0,52%
Spread / Lowest Target -17,6%
EPS Revisions
Managers
NameTitle
Felipe Bayón Pardo Chief Executive Officer
Maria Catalina Escobar Hoyos Manager-Capital Markets
Luis Guillermo Echeverri Velez Chairman
Alberto Consuegra Granger Chief Operating Officer
Jaime Caballero Uribe Chief Financial Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
ECOPETROL S.A.16.98%37 441
ROYAL DUTCH SHELL3.49%230 620
TOTAL5.59%141 390
PETROCHINA COMPANY LIMITED-23.19%137 054
PETRÓLEO BRASILEIRO S.A. - PETROBRAS26.90%93 825
GAZPROM PAO--.--%85 896