|Bid||10.03 x 800|
|Ask||10.04 x 800|
|Day's range||9.91 - 10.11|
|52-week range||6.28 - 20.96|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||4.65|
|Forward dividend & yield||0.89 (8.70%)|
|Ex-dividend date||21 Apr 2020|
|1y target est||13.06|
Ecopetrol (EC) is trying to capture more demand through expanding crude oil sales to South Korea and India.
Oil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports did little to shake the long-term bearish sentiment in oil markets
Global oil prices plunged to decade lows, with U.S. West Texas Intermediate (WTI) dropping to negative $40 a barrel on April 20 as supplies ballooned while the coronavirus pandemic ravaged demand. The majority state-owned company, which entered a joint venture with Occidental Petroleum in November last year, said it plans to drill another 22 wells this year. The company drilled 22 wells between November 2019 and June, but production slowed during the pandemic, Bayon told the virtual Asia Pacific Petroleum Conference (APPEC).