Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Colombia
  4. Bolsa De Valores De Colombia
  5. Ecopetrol S.A.
  6. News
  7. Summary
    ECOPETROL   COC04PA00016

ECOPETROL S.A.

(ECOPETROL)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ecopetrol S A : S&P Global Ratings downgrades Ecopetrol S.A. rating following the same rating action on Colombia's sovereign rating

05/21/2021 | 11:33am EDT

MATERIAL INFORMATION

S&P Global Ratings downgrades Ecopetrol S.A. rating following the same rating action on Colombia's sovereign rating

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in line with the downgrade of the rating of the Republic of Colombia, the rating agency S&P Global Ratings downgraded the company's credit rating from BBB- (negative outlook) to BB+ (stable outlook).

S&P Global Ratings maintained Ecopetrol's Stand-Alone rating (without incorporating government support) at BB +.

Bogotá D.C., May 20, 2021

-----------------------------------------

Ecopetrol is the largest company in Colombia and one of the main integrated oil and gas conglomerates in Latin America, with more than 13,000 employees. It accounts for more than 60% of the hydrocarbon production in Colombia, and it owns the largest refineries and most of the country's oil-pipelines and multi-purpose pipelines network. It also participates in the commercialization of energy and in the distribution of gas. At the international level, Ecopetrol focuses on strategic basins on the American continent, with E&P operations in the United States (the Permian basin and the Gulf of Mexico), Brazil and Mexico. This press release contains statements relating to business prospects, estimates of operating and financial results, and Ecopetrol's growth prospects. All are projections, and therefore are based solely on management's expectations of the company's future and its continuous access to capital to finance its sales plan. Achieving these estimates in the future depends on its performance under given market conditions, regulations, competition, the performance of the Colombian economy and industry, and other factors; therefore, they are subject to change without prior notice.

For further details, please contact:

Head of Capital Markets

Tatiana Uribe Benninghoff

Phone: +571-234-5190

Email: investors@ecopetrol.com.co

Media Engagement (Colombia)

Jorge Mauricio Tellez

Phone: + 571-234-4329

Email: mauricio.tellez@ecopetrol.com.co

Disclaimer

Ecopetrol SA - Empresa Colombiana de Petroleos published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 15:32:02 UTC.


ę Publicnow 2021
All news about ECOPETROL S.A.
08/02SECTOR UPDATE : Energy Stocks Edge Lower In Pre-Bell Monday Trading
MT
08/02ECOPETROL S A : Submits Bid to Acquire Colombian Government's Controlling Stake ..
MT
08/02ECOPETROL S A : submits a binding offer to acquire the Ministry of Finance and P..
PU
08/02ECOPETROL S A : Secures $1.2 Billion Contingent Credit Line From Colombian Gover..
MT
08/02ECOPETROL S A : obtains approval for a contingent line of credit for up to US$ 1..
PU
07/29ECOPETROL S A : opposes to the preliminary injunctive relief requested in a publ..
PU
07/12ECOPETROL S A : reports on the recovery of its operations after the stabilizatio..
PU
07/12ECOPETROL S A : Says its Operations Recovered Following Public Order Stabilizati..
MT
07/08Parex Announces Ecopetrol Block Partnership, GHG Emissions Intensity Reductio..
AQ
07/07PAREX BRIEF : Cites Strategic Partnership Agreements with Ecopetrol in Colombia'..
MT
More news
Financials
Sales 2021 81 966 B 21 065 M 21 065 M
Net income 2021 14 812 B 3 807 M 3 807 M
Net Debt 2021 37 049 B 9 522 M 9 522 M
P/E ratio 2021 6,92x
Yield 2021 3,34%
Capitalization 106 821 B 27 700 M 27 453 M
EV / Sales 2021 1,76x
EV / Sales 2022 1,79x
Nbr of Employees 13 977
Free-Float 10,4%
Chart ECOPETROL S.A.
Duration : Period :
Ecopetrol S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ECOPETROL S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 2 598,00 COP
Average target price 2 590,33 COP
Spread / Average Target -0,30%
EPS Revisions
Managers and Directors
Felipe Bayˇn Pardo President & Chief Executive Officer
Jaime Caballero Uribe Chief Financial Officer
Luis Guillermo Echeverri Velez Chairman
AndrÚs Mantilla Zßrate Vice President-Innovation & Technology
Alberto Consuegra Granger Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
ECOPETROL S.A.15.72%27 700
CONOCOPHILLIPS38.48%75 648
CNOOC LIMITED8.64%44 232
EOG RESOURCES, INC.43.61%42 521
CANADIAN NATURAL RESOURCES LIMITED34.59%39 164
PIONEER NATURAL RESOURCES COMPANY24.99%35 463