Ecopetrol (EC) Trading -0.1% Higher
Ecopetrol SA (NYSE:EC) traded up 0.1% during trading on Thursday . The company traded as high as $25.28 and last traded at $25.00. 116,565 shares were traded during trading, a decline of 86% from the average session volume of 831,369 shares. The stock had previously closed at $25.02.
A number of equities research analysts recently commented on the stock. HSBC upgraded shares of Ecopetrol from a “reduce” rating to a “hold” rating in a report on Thursday, May 24th. ValuEngine lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of Ecopetrol from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 10th. Finally, Citigroup upgraded shares of Ecopetrol from a “sell” rating to a “neutral” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.00.
The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.45. The firm has a market capitalization of $51.77 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30.
About Ecopetrol (NYSE:EC)
Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.
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