Opinions
Gavin Graham
Ecopetrol SA
EC-N
BUY
Oct 28, 2013
$48.400
Stock price when the opinion was issued
oil
gas
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
EC is Colombia's state-owned integrated oil company. It recently reported all-time earnings. Production grew 4% to over 720,000 bpd. It trades at 7x earnings, 1.2x book value and boasts a ROE of 34%. An $0.827 dividend was declared for holders on April 26. Last year a secondary dividend was declared later in the year. We recommend placing a stop-loss at $8.75, looking to achieve $14 -- upside potential of 21%. Yield 7.2%
(Analysts’ price target is $14.09)
oil
gas
Integrated Colombian oil company. Had a big pull back in the middle of the year, but over the last 5 years, it has done really well. Colombian government is very comfortable with the oil sector and has a very big position in this stock. 5.7% dividend yield.