Ecopetrol SA (NYSE:EC) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.50.

A number of research firms have weighed in on EC. JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 target price for the company in a report on Friday, April 5th. Santander raised Ecopetrol from an “underperform” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, ValuEngine raised Ecopetrol from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

A number of hedge funds have recently bought and sold shares of EC. JPMorgan Chase & Co. grew its holdings in shares of Ecopetrol by 1,014.4% during the third quarter. JPMorgan Chase & Co. now owns 180,828 shares of the oil and gas company’s stock worth $4,870,000 after purchasing an additional 164,602 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ecopetrol by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 265,703 shares of the oil and gas company’s stock worth $7,155,000 after purchasing an additional 15,602 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ecopetrol by 12.7% during the third quarter. BlackRock Inc. now owns 1,325,332 shares of the oil and gas company’s stock worth $35,691,000 after purchasing an additional 149,455 shares in the last quarter. Credit Suisse AG grew its holdings in shares of Ecopetrol by 39.3% during the third quarter. Credit Suisse AG now owns 49,314 shares of the oil and gas company’s stock worth $1,327,000 after purchasing an additional 13,915 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its holdings in shares of Ecopetrol by 24.0% during the third quarter. AMP Capital Investors Ltd now owns 118,817 shares of the oil and gas company’s stock worth $3,161,000 after purchasing an additional 22,986 shares in the last quarter.

EC traded down $0.42 during trading hours on Thursday, hitting $19.90. The stock had a trading volume of 895,200 shares, compared to its average volume of 890,748. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.23 and a current ratio of 1.52. The firm has a market cap of $41.77 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.57. Ecopetrol has a 1 year low of $15.25 and a 1 year high of $27.96.

Ecopetrol (NYSE:EC) last posted its earnings results on Friday, April 5th. The oil and gas company reported $0.38 earnings per share for the quarter. The business had revenue of $6.02 billion during the quarter. Ecopetrol had a return on equity of 10.61% and a net margin of 16.70%. As a group, research analysts predict that Ecopetrol will post 1.77 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Friday, May 3rd. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.3595 per share. This represents a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ecopetrol’s payout ratio is presently 35.06%.

Ecopetrol Company Profile

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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Analyst Recommendations for Ecopetrol (NYSE:EC)

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