Ecopetrol Receives Average Rating of “Hold” from Analysts (NYSE:EC)
Shares of Ecopetrol (NYSE:EC) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, American Banking News.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.14.
Ecopetrol (NYSE:EC) traded up 1.02% during mid-day trading on Tuesday, hitting $37.74. 120,562 shares of the company’s stock traded hands. 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 $36.89 and its 200-day moving average is $37.4. The company has a market cap of $77.587 billion and a P/E ratio of 11.25.
Ecopetrol (NYSE:EC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.81 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.81. Analysts expect that Ecopetrol will post $3.28 EPS for the current fiscal year.
A number of research firms have recently commented on EC. Analysts at TheStreet downgraded shares of Ecopetrol to a “hold” rating in a research note on Monday. Separately, 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. Finally, 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.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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