Ecopetrol SA (NYSE:EC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $17.84 and last traded at $17.44, with a volume of 1627900 shares traded. The stock had previously closed at $16.87.
EC has been the topic of a number of recent analyst reports. downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Citigroup initiated coverage on Ecopetrol in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 price objective on the stock. ValuEngine downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, Zacks Investment Research 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 Tuesday, October 10th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Ecopetrol currently has an average rating of “Hold” and a consensus target price of $10.20.
The firm has a market capitalization of $35,500.00, a P/E ratio of 30.18, a PEG ratio of 0.31 and a beta of 1.13. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82.
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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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