Ecopetrol (NYSE:EC) has been given an average rating of “Hold” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.00.
Several research firms have issued reports on EC. TheStreet raised shares of Ecopetrol from a “c+” rating to a “b-” rating in a report on Wednesday, January 24th. UBS downgraded shares of Ecopetrol from a “neutral” rating to a “sell” rating in a report on Thursday, January 11th. HSBC downgraded shares of Ecopetrol from a “hold” rating to a “reduce” rating in a report on Tuesday, January 23rd. Citigroup downgraded shares of Ecopetrol from a “neutral” rating to a “sell” rating in a report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, January 30th.
EC traded down $0.32 during midday trading on Friday, hitting $19.36. 1,268,858 shares of the company traded hands, compared to its average volume of 1,323,383. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The company has a market cap of $39,800.96, a price-to-earnings ratio of 77.44, a PEG ratio of 0.29 and a beta of 1.27. Ecopetrol has a 52-week low of $8.60 and a 52-week high of $20.55.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Ecopetrol in the third quarter worth about $103,000. Prudential Financial Inc. purchased a new position in shares of Ecopetrol in the third quarter worth about $147,000. Envestnet Asset Management Inc. lifted its stake in shares of Ecopetrol by 62.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,836 shares of the oil and gas company’s stock worth $290,000 after buying an additional 7,623 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Ecopetrol in the fourth quarter worth about $340,000. Finally, James Investment Research Inc. purchased a new position in shares of Ecopetrol in the fourth quarter worth about $358,000. 2.60% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3341769/ecopetrol-ec-receives-14-00-average-pt-from-brokerages.html.
Ecopetrol SA operates as an integrated oil company. It operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping, or compression of hydrocarbons.
Receive News & Ratings for Ecopetrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol and related companies with MarketBeat.com's FREE daily email newsletter.