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.
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.
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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