Ecopetrol S.A. Hits New 52-Week Low at $37.33 (EC)
Shares of Ecopetrol S.A. (NYSE:EC) set a new 52-week low during trading on Monday, StockRatingsNetwork.com reports. The stock traded as low as $37.33 and last traded at $37.50, with a volume of 179,297 shares. The stock had previously closed at $37.68.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Ecopetrol S.A. from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 16th. Separately, analysts at Jefferson Research upgraded shares of Ecopetrol S.A. from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 6th. Finally, analysts at HSBC raised their price target on shares of Ecopetrol S.A. from $46.00 to $47.00 in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.83.
Ecopetrol S.A. has a 52 week low of $37.49 and a 52 week high of $64.06. The stock’s 50-day moving average is $40.61 and its 200-day moving average is $44.22. The company has a market cap of $77.505 billion and a price-to-earnings ratio of 9.42.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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