Ecopetrol (EC) Coverage Initiated at Citigroup
Equities researchers at Citigroup started coverage on shares of Ecopetrol (NYSE:EC) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $12.00 price target on the oil and gas company’s stock. Citigroup’s price objective indicates a potential upside of 2.21% from the company’s previous close.
Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Ecopetrol from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Raymond James Financial reaffirmed an “underperform” rating on shares of Ecopetrol in a report on Tuesday, November 28th. ValuEngine downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 10th. Finally, downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Ecopetrol has an average rating of “Hold” and an average target price of $10.50.
Shares of Ecopetrol (EC) traded down $0.12 on Wednesday, hitting $11.74. 1,427,077 shares of the stock traded hands, compared to its average volume of 1,035,112. Ecopetrol has a 52 week low of $8.44 and a 52 week high of $12.30. The firm has a market cap of $24,464.44, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82.
ILLEGAL ACTIVITY NOTICE: “Ecopetrol (EC) Coverage Initiated at Citigroup” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/06/ecopetrol-ec-receives-new-coverage-from-analysts-at-citigroup.html.
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.
Receive News & Stock Ratings for Ecopetrol SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol SA and related stocks with our FREE daily email newsletter.