Ecopetrol (EC) Stock Price Down 4.4%

Ecopetrol SA (NYSE:EC) traded down 4.4% on Friday . The stock traded as low as $18.31 and last traded at $19.16. 1,313,764 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,740,325 shares. The stock had previously closed at $18.35.

Several equities research analysts have recently weighed in on the company. TheStreet upgraded Ecopetrol from a “c+” rating to a “b-” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, January 30th. HSBC downgraded Ecopetrol from a “hold” rating to a “reduce” rating in a report on Tuesday, January 23rd. Citigroup downgraded Ecopetrol from a “neutral” rating to a “sell” rating in a report on Monday, February 5th. Finally, UBS downgraded Ecopetrol from a “neutral” rating to a “sell” rating in a report on Thursday, January 11th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

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The firm has a market cap of $39,842.09, a price-to-earnings ratio of 44.04, a P/E/G ratio of 0.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.11.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Ecopetrol by 12.0% during the 2nd quarter. Northern Trust Corp now owns 222,563 shares of the oil and gas company’s stock valued at $2,023,000 after acquiring an additional 23,875 shares in the last quarter. Nationwide Fund Advisors boosted its position in Ecopetrol by 303.2% during 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 acquiring an additional 266,173 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Ecopetrol during the 3rd quarter valued at $330,000. Stevens Capital Management LP bought a new stake in Ecopetrol during the 3rd quarter valued at $201,000. Finally, Prudential Financial Inc. bought a new stake in Ecopetrol during the 3rd quarter valued at $147,000. Institutional investors own 2.60% 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.

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