Ecopetrol S.A. Upgraded to Neutral by Citigroup Inc. (EC)
Ecopetrol S.A. (NYSE:EC) was upgraded by equities research analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Ecopetrol S.A. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 15th. Separately, analysts at Raymond James initiated coverage on shares of Ecopetrol S.A. in a research note to investors on Tuesday, January 14th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.83.
Shares of Ecopetrol S.A. (NYSE:EC) traded down 1.12% on Tuesday, hitting $35.16. 1,384,397 shares of the company’s stock traded hands. Ecopetrol S.A. has a 52-week low of $34.27 and a 52-week high of $64.06. The stock’s 50-day moving average is $38.93 and its 200-day moving average is $43.82. The company has a market cap of $72.283 billion and a P/E ratio of 8.89.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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