Ecopetrol Upgraded to Neutral at Zacks (EC)
Ecopetrol (NYSE:EC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm currently has a $37.00 price target on the stock. Zacks‘s price objective suggests a potential upside of 2.61% from the stock’s previous close.
Shares of Ecopetrol (NYSE:EC) traded down 0.61% on Wednesday, hitting $35.84. The stock had a trading volume of 244,475 shares. Ecopetrol has a one year low of $33.01 and a one year high of $49.45. The stock has a 50-day moving average of $37.14 and a 200-day moving average of $36.97. The company has a market cap of $73.681 billion and a P/E ratio of 10.86.
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. Analysts expect that Ecopetrol will post $3.28 EPS for the current fiscal year.
EC has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of Ecopetrol in a research note on Friday, June 27th. They set an “underweight” rating and a $37.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Ecopetrol to a “hold” rating in a research note on Monday, June 9th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.00.
Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.
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