Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ecopetrol (EC) Stock Price
Media stories about Ecopetrol (NYSE:EC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ecopetrol earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 44.8349691681373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Analysts Expect Ecopetrol S.A. (EC) to Announce $0.19 Earnings Per Share (americanbankingnews.com)
- Petrobras Argentina (PZE) and Ecopetrol (EC) Head-To-Head Analysis (americanbankingnews.com)
- Lloyd’s Register chosen for major exploration drilling project offshore Colombia (worldoil.com)
- Lloyd’s Register Chosen as Project Management Contractor for Major Offshore Drilling Project (scandoil.com)
- CSX Corporation (CSX) Stocks Showing Pleasant/Unpleasant Sentiment- Ecopetrol SA (EC) – Investing News Update (investingbizz.com)
A number of equities research analysts have recently issued reports on EC shares. Zacks Investment Research upgraded Ecopetrol from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, July 11th. ValuEngine upgraded Ecopetrol from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. HSBC Holdings plc upgraded Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, June 5th. Scotiabank cut Ecopetrol from an “outperform” rating to a “sector perform” rating in a report on Thursday, June 29th. Finally, BidaskClub raised Ecopetrol from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.25.
Shares of Ecopetrol (NYSE:EC) traded up 0.21% during mid-day trading on Monday, reaching $9.51. 520,834 shares of the company’s stock traded hands. The firm has a 50-day moving average of $9.32 and a 200 day moving average of $9.28. The company has a market cap of $19.55 billion, a P/E ratio of 16.40 and a beta of 1.04. Ecopetrol has a 12-month low of $7.65 and a 12-month high of $10.36.
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Ecopetrol Company Profile
Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.
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