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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EC. Acadian Asset Management LLC increased its holdings in shares of Ecopetrol by 1,416.9% in the 4th quarter. Acadian Asset Management LLC now owns 3,876,861 shares of the oil and gas company’s stock valued at $56,718,000 after acquiring an additional 3,621,279 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Ecopetrol by 19.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,070,934 shares of the oil and gas company’s stock valued at $147,338,000 after purchasing an additional 1,633,846 shares during the period. APG Asset Management N.V. boosted its position in shares of Ecopetrol by 118.5% in the 3rd quarter. APG Asset Management N.V. now owns 1,232,763 shares of the oil and gas company’s stock valued at $11,699,000 after purchasing an additional 668,500 shares during the period. Nationwide Fund Advisors boosted its position in shares of Ecopetrol by 303.2% in the 3rd quarter. Nationwide Fund Advisors now owns 353,973 shares of the oil and gas company’s stock valued at $3,359,000 after purchasing an additional 266,173 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Ecopetrol by 6,746.3% in the 4th quarter. Sei Investments Co. now owns 265,225 shares of the oil and gas company’s stock valued at $3,880,000 after purchasing an additional 261,351 shares during the period. Institutional investors and hedge funds own 2.24% of the company’s stock.

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About Ecopetrol

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.

Analyst Recommendations for Ecopetrol (NYSE:EC)

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