Citigroup cut shares of Ecopetrol (NYSE:EC) from a neutral rating to a sell rating in a report published on Monday morning, MarketBeat.com reports.
A number of other brokerages also recently commented on EC. TheStreet upgraded Ecopetrol from a c+ rating to a b- rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Ecopetrol from a hold rating to a buy rating and set a $22.00 target price on the stock in a research note on Tuesday, January 30th. HSBC downgraded Ecopetrol from a hold rating to a reduce rating in a research note on Tuesday, January 23rd. downgraded Ecopetrol from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, ValuEngine cut Ecopetrol from a buy rating to a hold rating in a report on Tuesday, December 26th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $12.40.
Shares of Ecopetrol (EC) opened at $16.96 on Monday. Ecopetrol has a one year low of $8.44 and a one year high of $20.55. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $35,709.86, a PE ratio of 38.55, a PEG ratio of 0.28 and a beta of 1.36.
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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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