Ecopetrol S.A. Price Target Increased to $47.00 by Analysts at HSBC (EC)
Analysts at HSBC hoisted their price target on shares of Ecopetrol S.A. (NYSE:EC) from $46.00 to $47.00 in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. HSBC’s price objective indicates a potential upside of 0.21% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Ecopetrol S.A. from $58.00 to $48.00 in a research note to investors on Friday, October 18th. They now have a “sector perform” rating on the stock. Analysts at Zacks upgraded shares of Ecopetrol S.A. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $48.30 price target on the stock. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.83.
Shares of Ecopetrol S.A. (NYSE:EC) opened at 46.90 on Friday. Ecopetrol S.A. has a 52 week low of $39.72 and a 52 week high of $64.06. The stock’s 50-day moving average is $47.06 and its 200-day moving average is $45.30. The company has a market cap of $96.419 billion and a P/E ratio of 11.84.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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