Ecopetrol S.A. (NYSE:EC) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.58.
A number of equities analysts have recently issued reports on EC shares. Zacks Investment Research downgraded shares of Ecopetrol from a “hold” rating to a “sell” rating in a research note on Thursday, December 24th. BidaskClub upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating in a research note on Saturday, December 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of Ecopetrol from $13.00 to $14.70 in a research note on Friday, December 11th. JPMorgan Chase & Co. downgraded shares of Ecopetrol from an “overweight” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, November 24th. Finally, Smith Barney Citigroup increased their price objective on shares of Ecopetrol from $13.00 to $14.70 in a research note on Friday, December 11th.
Institutional investors and hedge funds have recently made changes to their positions in the business. APG Asset Management N.V. raised its holdings in shares of Ecopetrol by 6.0% in the second quarter. APG Asset Management N.V. now owns 1,305,000 shares of the oil and gas company’s stock worth $12,932,000 after buying an additional 73,500 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Ecopetrol by 248.6% during the third quarter. Earnest Partners LLC now owns 1,024,198 shares of the oil and gas company’s stock worth $10,078,000 after purchasing an additional 730,379 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Ecopetrol during the second quarter worth $5,342,000. Goldman Sachs Group Inc. raised its holdings in shares of Ecopetrol by 30.4% during the second quarter. Goldman Sachs Group Inc. now owns 366,260 shares of the oil and gas company’s stock worth $4,076,000 after purchasing an additional 85,347 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Ecopetrol by 89.4% in the second quarter. Principal Financial Group Inc. now owns 351,378 shares of the oil and gas company’s stock valued at $3,911,000 after buying an additional 165,869 shares in the last quarter. Institutional investors own 1.43% of the company’s stock.
Shares of NYSE:EC opened at $12.91 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.25. The firm’s 50 day simple moving average is $12.58 and its 200-day simple moving average is $11.34. Ecopetrol has a one year low of $6.28 and a one year high of $20.95. The firm has a market cap of $26.54 billion, a PE ratio of 16.34 and a beta of 1.88.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated oil and gas company. The company operates through Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels segments. It engages in the exploration, production, and sale of oil and gas. It also transports and distributes hydrocarbons and derivative products.
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