Ecopetrol S.A. (EC) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of Ecopetrol S.A. (NYSE:EC) from a hold rating to a buy rating in a research report released on Monday morning.
Several other brokerages have also recently weighed in on EC. HSBC Holdings plc raised Ecopetrol from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research note on Monday, June 5th. BidaskClub cut Ecopetrol from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. Scotiabank cut Ecopetrol from an outperform rating to a sector perform rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research raised Ecopetrol from a hold rating to a buy rating and set a $10.00 target price on the stock in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.25.
Shares of Ecopetrol (NYSE EC) traded down 1.04% during trading on Monday, hitting $9.49. The stock had a trading volume of 470,492 shares. The company has a market cap of $19.51 billion, a PE ratio of 16.36 and a beta of 1.04. Ecopetrol has a 12 month low of $7.65 and a 12 month high of $10.36. The stock has a 50 day moving average of $9.35 and a 200 day moving average of $9.29.
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Institutional investors have recently bought and sold shares of the business. Point View Wealth Management Inc. purchased a new stake in Ecopetrol during the second quarter worth $100,000. Greenleaf Trust purchased a new stake in Ecopetrol during the second quarter worth $105,000. Conning Inc. purchased a new stake in Ecopetrol during the second quarter worth $113,000. KCG Holdings Inc. purchased a new stake in Ecopetrol during the first quarter worth $129,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Ecopetrol by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 13,951 shares of the oil and gas company’s stock worth $130,000 after buying an additional 729 shares during the period. Institutional investors own 2.11% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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