ValuEngine lowered shares of Ecopetrol (NYSE:EC) from a buy rating to a hold rating in a report issued on Tuesday, December 26th.
Several other research analysts have also weighed in on EC. Raymond James Financial reiterated an underperform rating on shares of Ecopetrol in a research report on Tuesday, November 28th. Zacks Investment Research upgraded Ecopetrol from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, October 10th. lowered Ecopetrol from a buy rating to a hold rating in a research report on Tuesday, November 14th. Citigroup initiated coverage on Ecopetrol in a research report on Wednesday, December 6th. They set a neutral rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded Ecopetrol from an underweight rating to a neutral rating and set a $9.00 price target for the company in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $10.20.
Shares of Ecopetrol (EC) opened at $16.87 on Tuesday. The company has a market capitalization of $33,880.00, a P/E ratio of 29.09, a P/E/G ratio of 0.30 and a beta of 1.13. Ecopetrol has a fifty-two week low of $8.44 and a fifty-two week high of $18.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.37 and a quick ratio of 1.07.
Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Ecopetrol by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 235,147 shares of the oil and gas company’s stock valued at $2,138,000 after purchasing an additional 39,680 shares during the period. Nationwide Fund Advisors raised its stake in Ecopetrol by 303.2% in the third quarter. Nationwide Fund Advisors now owns 353,973 shares of the oil and gas company’s stock valued at $3,359,000 after buying an additional 266,173 shares in the last quarter. Mizuho Securities USA LLC acquired a new stake in Ecopetrol in the third quarter valued at $563,000. Harding Loevner LP raised its stake in Ecopetrol by 16.3% in the second quarter. Harding Loevner LP now owns 1,064,010 shares of the oil and gas company’s stock valued at $9,672,000 after buying an additional 149,300 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its stake in Ecopetrol by 5.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 472,279 shares of the oil and gas company’s stock valued at $4,482,000 after buying an additional 22,798 shares in the last quarter. Hedge funds and other institutional investors own 2.05% of the company’s stock.
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Ecopetrol Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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