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Ecopetrol (WKN: A0Q9ZL) - stock with double-digit dividend yield also recommended in 2024
According to a report from www.sharedeals.de, Ecopetrol (WKN: A0Q9ZL) is an undiscovered pearl among oil companies. Despite its comparatively low profile, the Colombian company was able to boast a top dividend yield of over 21% in 2023. This impressive return and positive business results have piqued the interest of many investors looking for stable and lucrative investments. The latest quarterly results and the low price-earnings ratio show that Ecopetrol shares are attractively valued and continue to offer a lot of potential. According to the annual report, Ecopetrol achieved excellent results in the third quarter of last year. Despite a decline compared to the same quarter of the previous year, the company was able to achieve EBITDA of 16.0...
Ecopetrol (WKN: A0Q9ZL) - stock with double-digit dividend yield also recommended in 2024
According to a report by www.sharedeals.de, Ecopetrol (WKN: A0Q9ZL) is an undiscovered pearl among oil companies. Despite its comparatively low profile, the Colombian company was able to boast a top dividend yield of over 21% in 2023. This impressive return and positive business results have piqued the interest of many investors looking for stable and lucrative investments. The latest quarterly results and the low price-earnings ratio show that Ecopetrol shares are attractively valued and continue to offer a lot of potential.
According to the annual report, Ecopetrol achieved excellent results in the third quarter of last year. Despite a decrease compared to the same quarter last year, the company recorded EBITDA of 16.0 trillion Colombian pesos (COP), which corresponded to an EBITDA margin of 45.7%. In addition, Ecopetrol achieved a net profit of COP 5.1 trillion. Production hit a record 741 million barrels in the quarter, and the Cartagena refinery achieved the second-highest figure in history. In addition, the company actively invests in research and development, which indicates a promising future.
In terms of price-earnings ratio (P/E), Ecopetrol shares are at 5.39 and are very cheaply valued compared to other oil giants. The company's high dividend yield and solid free cash flow make it possible for Ecopetrol to pay high dividends and even reduce debt. This positive news could attract more investors and increase the company's market value.
Overall, the analysis shows that Ecopetrol shares represent a promising investment option due to its attractive valuation and solid business results. However, there are potential risks, such as a severe recession and low oil prices, that could be negative in the short term. Nevertheless, the long-term outlook for Ecopetrol appears to be positive, and any price pullbacks could prove to be favorable buy-back prices.
Read the source article at www.sharedeals.de