Ecopetrol: Attractive Dividends Plus Upside Potential, Rating Unchanged [Seeking Alpha]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: Seeking Alpha
Lower Brent prices, narrower refined product spreads, and higher operating expenses resulted in declining profitability and margins. EC has strong liquidity positions and a well-distributed maturity schedule. It holds $3.66 billion in cash and must repay $2.37 billion in 2024. The dividend yields are still attractive at 28.7% TTM. EC still trades at a massive discount compared to the Sector Median and its 5Y average figures. Note: I previously covered Ecopetrol ( NYSE: EC ) in January 2024. I highlighted EC's strengths: operations in South America, a region with the lowest geopolitical risk, remarkable dividend yields, and extreme undervaluation. I gave a Strong Buy rating. Since then, the price has not moved much. As Recommended For You Recommended For You About EC Stock Related Stocks Trending Analysis Trending News
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News
- Best Income Stocks to Buy for May 1st [Yahoo! Finance]Yahoo! Finance
- Best Value Stocks to Buy for May 1st [Yahoo! Finance]Yahoo! Finance
- Measures by Colombia stock exchange may allow it to stay in JPMorgan index -president [Yahoo! Finance]Yahoo! Finance
- Ecopetrol announces senior management changes [Yahoo! Finance]Yahoo! Finance
- Ecopetrol announces senior management changesPR Newswire
EC
Sec Filings
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/19/24 - Form F-3ASR
- EC's page on the SEC website