Ecopetrol SA (EC) Receives Average Rating of “Hold” from Analysts
Shares of Ecopetrol SA (NYSE:EC) have received an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.00.
Several equities research analysts have weighed in on EC shares. ValuEngine downgraded Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 price target on the stock in a report on Wednesday, October 25th. Zacks Investment Research downgraded Ecopetrol from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Citigroup started coverage on Ecopetrol in a report on Wednesday, December 6th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, downgraded Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
Shares of Ecopetrol (EC) traded up $0.52 during midday trading on Friday, reaching $16.78. The company’s stock had a trading volume of 3,587,680 shares, compared to its average volume of 2,035,081. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. Ecopetrol has a 12 month low of $8.44 and a 12 month high of $20.55. The stock has a market cap of $33,427.88, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 0.26 and a beta of 1.36.
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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