Ecopetrol S.A. Receives Average Rating of “Hold” from Brokerages (NYSE:EC)
Ecopetrol S.A. (NYSE:EC) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $41.86.
EC has been the subject of a number of recent research reports. Analysts at Santander cut their price target on shares of Ecopetrol S.A. from $44.50 to $39.00 in a research note on Friday, August 1st. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ecopetrol S.A. in a research note on Thursday, July 24th. They now have a $41.00 price target on the stock, down previously from $42.00. Finally, analysts at Citigroup Inc. upgraded shares of Ecopetrol S.A. from a “sell” rating to a “neutral” rating in a research note on Wednesday, July 16th.
Ecopetrol S.A. (NYSE:EC) opened at 34.17 on Thursday. Ecopetrol S.A. has a 1-year low of $32.88 and a 1-year high of $49.45. The stock’s 50-day moving average is $34.29 and its 200-day moving average is $36.41. The company has a market cap of $70.248 billion and a P/E ratio of 10.59.
Ecopetrol S.A. (NYSE:EC) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.08. Analysts expect that Ecopetrol S.A. will post $3.09 EPS for the current fiscal year.
Ecopetrol SA is a Colombia-based holding company engaged in the development of commercial or industrial activities related to the exploration, exploitation, refining, transportation, storage and distribution of hydrocarbons and its by-products.
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