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Opinions The Panic-Proof Portfolio (Stockchase Research)
Ecopetrol SAECPAST TOP PICKMay 04, 2023
Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
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Premium contentEC 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)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.
Gavin Graham
Our PAST TOP PICK with EC has triggered its stop at $8.75. To remain disciplined, we recommend covering the position at this time.