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    ECOPETROL   COC04PA00016

ECOPETROL S.A.

(ECOPETROL)
  Report
End-of-day quote. End-of-day quote Bolsa De Valores De Colombia - 09/17
2566 COP   -1.87%
09/14Ecopetrol Informs of the Sanction Imposed by ANLA
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09/13Colombia's Ecopetrol reports two attacks at La Cira Infantas oilfield
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09/08ECOPETROL S A : Indemnification of Directors and Officers (Form 6-K)
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ecopetrol S A : submits a binding offer to acquire the Ministry of Finance and Public Credit´s controlling stake in ISA (Form 6-K)

08/02/2021 | 07:12am EDT

Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit´s controlling stake in ISA

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on Friday July 30, 2021, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit's 51.4% stake of the outstanding shares of Interconexión Eléctrica S.A. E.S.P - ISA. The binding offer was submitted that same day within the terms approved by the Board of Directors.

Ecopetrol is currently waiting for the response from the Ministry of Finance and Public Credit, which, once received, will be timely informed to the market.

Bogotá D.C., August 2, 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 (A)

Lina María Contreras Mora

Phone: +571-234-5190

Email: investors@ecopetrol.com.co

Media Engagement (Colombia)

Alexandra Santamaria Molano

Phone: + 571-234-4329

Email: alexandra.santamaria@ecopetrol.com.co

Disclaimer

Ecopetrol SA - Empresa Colombiana de Petroleos published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 11:11:06 UTC.


© Publicnow 2021
All news about ECOPETROL S.A.
09/14Ecopetrol Informs of the Sanction Imposed by ANLA
CI
09/13Colombia's Ecopetrol reports two attacks at La Cira Infantas oilfield
RE
09/08ECOPETROL S A : Indemnification of Directors and Officers (Form 6-K)
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08/20ECOPETROL S A : Closes Acquisition of Government's 51.4% Stake in Interconexion ..
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08/20ECOPETROL S A : informs of the closing of the transaction with the Colombian Min..
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Analyst Recommendations on ECOPETROL S.A.
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Financials
Sales 2021 82 694 B 21 583 M 21 583 M
Net income 2021 15 986 B 4 172 M 4 172 M
Net Debt 2021 40 512 B 10 574 M 10 574 M
P/E ratio 2021 5,98x
Yield 2021 4,76%
Capitalization 105 505 B 27 601 M 27 537 M
EV / Sales 2021 1,77x
EV / Sales 2022 1,70x
Nbr of Employees 13 977
Free-Float 10,4%
Chart ECOPETROL S.A.
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Ecopetrol S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends ECOPETROL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 2 566,00 COP
Average target price 2 607,00 COP
Spread / Average Target 1,60%
EPS Revisions
Managers and Directors
Felipe Bayón Pardo President & Chief Executive Officer
Jaime Caballero Uribe Chief Financial Officer
Luis Guillermo Echeverri Velez Chairman
Andrés Mantilla Zárate Vice President-Innovation & Technology
Alberto Consuegra Granger Chief Operating Officer
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