Ecopetrol (NYSE:EC) was downgraded by UBS Group from a “neutral” rating to a “sell” rating in a research report issued on Thursday, The Fly reports.
EC has been the topic of a number of other reports. JPMorgan 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 report on Wednesday, October 25th. ValuEngine downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Zacks Investment Research downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Citigroup initiated coverage on shares of Ecopetrol in a research note on Wednesday, December 6th. They set a “neutral” rating and a $12.00 price target for the company. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Ecopetrol presently has an average rating of “Hold” and an average target price of $10.20.
Ecopetrol (NYSE:EC) opened at $17.63 on Thursday. Ecopetrol has a 12-month low of $8.44 and a 12-month high of $18.03. The stock has a market cap of $36,480.00, a P/E ratio of 30.93, a PEG ratio of 0.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 1.37.
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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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