Ecopetrol (NYSE:EC) Sets New 1-Year Low at $8.94

Ecopetrol S.A. (NYSE:EC) shares hit a new 52-week low on Tuesday . The company traded as low as $8.94 and last traded at $8.97, with a volume of 151206 shares changing hands. The stock had previously closed at $9.04.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EC shares. Bank of America lowered shares of Ecopetrol from a “neutral” rating to an “underperform” rating in a report on Thursday, May 30th. StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.22.

Ecopetrol Stock Up 1.5 %

The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. The firm has a market cap of $18.43 billion, a PE ratio of 3.90 and a beta of 1.20. The business’s 50-day simple moving average is $10.34 and its 200 day simple moving average is $11.19.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GQG Partners LLC grew its position in shares of Ecopetrol by 0.9% in the 1st quarter. GQG Partners LLC now owns 12,291,956 shares of the oil and gas company’s stock worth $145,537,000 after buying an additional 105,172 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Ecopetrol in the 4th quarter worth approximately $15,652,000. Earnest Partners LLC grew its position in shares of Ecopetrol by 1.2% in the 1st quarter. Earnest Partners LLC now owns 510,803 shares of the oil and gas company’s stock worth $6,048,000 after buying an additional 5,844 shares during the last quarter. CenterBook Partners LP grew its position in shares of Ecopetrol by 136.6% in the 4th quarter. CenterBook Partners LP now owns 334,527 shares of the oil and gas company’s stock worth $3,988,000 after buying an additional 193,150 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Ecopetrol by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 272,126 shares of the oil and gas company’s stock worth $3,045,000 after buying an additional 15,467 shares during the last quarter.

About Ecopetrol

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.