Shares of Ecopetrol SA (NYSE:EC) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.10.
A number of research analysts recently weighed in on EC shares. HSBC upgraded Ecopetrol from a “hold” rating to a “buy” rating and reduced their target price for the company from $21.00 to $20.50 in a report on Thursday, September 12th. Citigroup set a $19.80 target price on Ecopetrol and gave the company a “buy” rating in a report on Monday, September 30th.
Shares of NYSE:EC traded down $0.16 during midday trading on Monday, reaching $17.34. The company’s stock had a trading volume of 138,485 shares, compared to its average volume of 744,803. Ecopetrol has a 1 year low of $15.21 and a 1 year high of $26.06. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $16.85 and a 200 day moving average price of $18.03.
Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new position in shares of Ecopetrol during the second quarter worth about $48,000. Belpointe Asset Management LLC acquired a new position in shares of Ecopetrol during the first quarter worth about $109,000. Royal Bank of Canada lifted its stake in shares of Ecopetrol by 280.0% during the second quarter. Royal Bank of Canada now owns 6,786 shares of the oil and gas company’s stock worth $125,000 after purchasing an additional 5,000 shares in the last quarter. US Bancorp DE lifted its stake in shares of Ecopetrol by 53.5% during the second quarter. US Bancorp DE now owns 7,452 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Ecopetrol by 124.6% during the second quarter. Tower Research Capital LLC TRC now owns 9,603 shares of the oil and gas company’s stock worth $175,000 after purchasing an additional 5,328 shares in the last quarter. Hedge funds and other institutional investors own 2.63% of the company’s stock.
Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.
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