Ecopetrol (NYSE:EC) was downgraded by equities researchers at Santander from a “hold” rating to an “underperform” rating in a note issued to investors on Friday, March 9th.
A number of other analysts have also commented on EC. TheStreet raised Ecopetrol from a “c+” rating to a “b-” rating in a research note on Wednesday, January 24th. UBS lowered Ecopetrol from a “neutral” rating to a “sell” rating in a research note on Thursday, January 11th. HSBC lowered Ecopetrol from a “hold” rating to a “reduce” rating in a research note on Tuesday, January 23rd. Raymond James Financial reaffirmed an “underperform” rating on shares of Ecopetrol in a research note on Tuesday, November 28th. Finally, downgraded Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Seven 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 company has a consensus rating of “Hold” and a consensus price target of $13.00.
Ecopetrol stock traded down $0.03 during midday trading on Friday, reaching $19.30. The company’s stock had a trading volume of 1,582,911 shares, compared to its average volume of 1,750,132. Ecopetrol has a 52 week low of $8.60 and a 52 week high of $20.55. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The stock has a market cap of $39,739.29, a PE ratio of 77.20, a P/E/G ratio of 0.29 and a beta of 1.27.
A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in Ecopetrol by 48.6% in the second quarter. Ameriprise Financial Inc. now owns 24,272 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 7,940 shares during the last quarter. Northern Trust Corp boosted its position in Ecopetrol by 12.0% in the second quarter. Northern Trust Corp now owns 222,563 shares of the oil and gas company’s stock worth $2,023,000 after purchasing an additional 23,875 shares during the last quarter. Vanguard Group Inc. boosted its position in Ecopetrol by 5.6% in the second quarter. Vanguard Group Inc. now owns 3,319,861 shares of the oil and gas company’s stock worth $30,178,000 after purchasing an additional 175,934 shares during the last quarter. Nationwide Fund Advisors boosted its position in Ecopetrol by 303.2% in the third quarter. Nationwide Fund Advisors now owns 353,973 shares of the oil and gas company’s stock worth $3,359,000 after purchasing an additional 266,173 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Ecopetrol in the third quarter worth $330,000. Institutional investors and hedge funds own 2.60% of the company’s stock.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated oil company. It operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping, or compression of hydrocarbons.
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