Ecopetrol (EC) Sets New 1-Year High at $13.83
Shares of Ecopetrol SA (NYSE:EC) hit a new 52-week high on Monday . The stock traded as high as $13.83 and last traded at $13.83, with a volume of 708600 shares trading hands. The stock had previously closed at $13.60.
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 price objective for the company in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Raymond James Financial restated an “underperform” rating on shares of Ecopetrol in a research report on Tuesday, November 28th. Finally, Citigroup assumed coverage on Ecopetrol in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.20.
The stock has a market capitalization of $28,430.00, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 0.42 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.82.
A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Ecopetrol during the third quarter worth approximately $103,000. Bayesian Capital Management LP acquired a new stake in shares of Ecopetrol in the second quarter valued at approximately $133,000. Frontier Wealth Management LLC acquired a new stake in shares of Ecopetrol in the second quarter valued at approximately $137,000. State of New Jersey Common Pension Fund D bought a new position in Ecopetrol in the third quarter valued at approximately $147,000. Finally, Prudential Financial Inc. bought a new position in Ecopetrol in the third quarter valued at approximately $147,000. Institutional investors own 2.05% of the company’s stock.
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Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.
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