Stock analysts at StockNews.com began coverage on shares of Ecopetrol (NYSE:EC – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the oil and gas company’s stock.
Several other analysts have also recently commented on EC. HSBC cut Ecopetrol from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.50 to $12.00 in a report on Friday, February 10th. UBS Group cut Ecopetrol from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Thursday, February 9th. Finally, The Goldman Sachs Group decreased their price target on Ecopetrol from $12.40 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.
Ecopetrol Stock Performance
Shares of NYSE EC opened at $10.01 on Thursday. The business has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $10.29. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 2.63 and a beta of 1.41. Ecopetrol has a one year low of $8.59 and a one year high of $19.81.
Hedge Funds Weigh In On Ecopetrol
Ecopetrol Company Profile
Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities.
- Get a free copy of the StockNews.com research report on Ecopetrol (EC)
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