Ecopetrol Rating Lowered to Hold at TheStreet (EC)
Shares of Ecopetrol (NYSE:EC) traded down 0.12% during mid-day trading on Monday, hitting $37.205. 91,008 shares of the company’s stock traded hands. Ecopetrol has a 1-year low of $33.01 and a 1-year high of $49.45. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $37.56. The company has a market cap of $76.487 billion and a price-to-earnings ratio of 11.22.
Ecopetrol (NYSE:EC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.81 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.81. On average, analysts predict that Ecopetrol will post $3.28 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.14.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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