Ecopetrol S.A. (NYSE:EC) was downgraded by investment analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
EC has been the subject of several other reports. J P Morgan Chase & Co upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 price objective for the company in a research note on Wednesday, October 25th. BidaskClub upgraded Ecopetrol from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded Ecopetrol from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.20.
Shares of Ecopetrol (NYSE:EC) traded down $0.18 during trading hours on Tuesday, hitting $11.86. The stock had a trading volume of 1,477,100 shares, compared to its average volume of 1,018,888. Ecopetrol has a 1 year low of $7.84 and a 1 year high of $12.30. The stock has a market capitalization of $24,752.26, a PE ratio of 27.36, a price-to-earnings-growth ratio of 0.37 and a beta of 1.12. 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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A number of institutional investors have recently bought and sold shares of EC. Point View Wealth Management Inc. acquired a new stake in Ecopetrol during the second quarter worth about $100,000. SG Americas Securities LLC acquired a new stake in Ecopetrol during the third quarter worth about $103,000. Greenleaf Trust acquired a new stake in Ecopetrol during the second quarter worth about $105,000. Conning Inc. acquired a new stake in Ecopetrol during the second quarter worth about $113,000. Finally, KCG Holdings Inc. acquired a new stake in Ecopetrol during the first quarter worth about $129,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.
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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