Ecopetrol Given Average Recommendation of “Hold” by Analysts (NYSE:EC)
Ecopetrol (NYSE:EC) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Stock Ratings News reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.14.
A number of research firms have recently commented on EC. Analysts at Citigroup Inc. downgraded shares of Ecopetrol from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 16th. They now have a $37.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Ecopetrol from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 18th. They now have a $33.70 price target on the stock. Finally, analysts at TheStreet downgraded shares of Ecopetrol to a “hold” rating in a research note on Wednesday, February 12th.
Shares of Ecopetrol (NYSE:EC) opened at 36.23 on Friday. Ecopetrol has a one year low of $33.01 and a one year high of $49.45. The stock’s 50-day moving average is $38.48 and its 200-day moving average is $39.70. The company has a market cap of $74.483 billion and a price-to-earnings ratio of 10.29.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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