Ecopetrol S.A. (EC) Downgraded by HSBC Holdings plc
Ecopetrol S.A. (NYSE:EC) was downgraded by equities researchers at HSBC Holdings plc from a “buy” rating to a “hold” rating in a report released on Tuesday, The Fly reports.
Several other equities analysts have also recently issued reports on the stock. J P Morgan Chase & Co upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, October 10th. ValuEngine lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Ecopetrol from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.20.
Shares of Ecopetrol (EC) traded down $0.18 during trading on Tuesday, reaching $11.86. 1,477,100 shares of the company were exchanged, compared to its average volume of 1,018,888. The company has a market cap of $24,752.26, a PE ratio of 27.36, a price-to-earnings-growth ratio of 0.37 and a beta of 1.12. Ecopetrol has a 52 week low of $7.84 and a 52 week high of $12.30. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82.
Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.
Receive News & Ratings for Ecopetrol S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol S.A. and related companies with MarketBeat.com's FREE daily email newsletter.