Citigroup Begins Coverage on Ecopetrol (EC)
Equities research analysts at Citigroup began coverage on shares of Ecopetrol (NYSE:EC) in a report released on Wednesday, Marketbeat reports. The brokerage set a “neutral” rating and a $12.00 price target on the oil and gas company’s stock. Citigroup’s target price suggests a potential upside of 2.21% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. Raymond James Financial reissued an “underperform” rating on shares of Ecopetrol in a research note on Tuesday, November 28th. Zacks Investment Research cut Ecopetrol from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. cut Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co raised Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 target price for the company in a research note on Wednesday, October 25th. Finally, ValuEngine raised Ecopetrol from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.50.
Ecopetrol (NYSE:EC) traded down $0.12 during midday trading on Wednesday, hitting $11.74. The stock had a trading volume of 1,427,077 shares, compared to its average volume of 1,035,112. The firm has a market cap of $24,464.44, a PE ratio of 27.05, a P/E/G ratio of 0.36 and a beta of 1.14. Ecopetrol has a one year low of $8.44 and a one year high of $12.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.37 and a quick ratio of 1.07.
Ecopetrol Company Profile
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.
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