Shares of Ecopetrol S.A. (NYSE:EC – Get Free Report) have received an average rating of “Reduce” from the six analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.27.
Several analysts have weighed in on the stock. Bank of America cut shares of Ecopetrol from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 30th. The Goldman Sachs Group boosted their price target on Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley downgraded Ecopetrol from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $11.00 to $8.50 in a research report on Monday, March 4th.
Read Our Latest Analysis on EC
Hedge Funds Weigh In On Ecopetrol
Ecopetrol Trading Up 0.3 %
Shares of NYSE EC opened at $11.19 on Monday. The business’s 50 day moving average is $11.87 and its 200-day moving average is $11.78. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. Ecopetrol has a 1-year low of $9.92 and a 1-year high of $13.14.
Ecopetrol (NYSE:EC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.19 billion. Ecopetrol had a return on equity of 8.82% and a net margin of 14.35%. Analysts expect that Ecopetrol will post 2.54 EPS for the current fiscal year.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.
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