Ecopetrol S.A. (NYSE:EC – Get Free Report) has earned a consensus rating of “Reduce” from the six research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.27.
Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on Ecopetrol from $10.30 to $11.90 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Bank of America lowered shares of Ecopetrol from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley lowered shares of Ecopetrol from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $11.00 to $8.50 in a research report on Monday, March 4th.
Check Out Our Latest Research Report on EC
Institutional Trading of Ecopetrol
Ecopetrol Stock Performance
Shares of EC stock opened at $11.19 on Monday. The business’s 50 day moving average is $11.87 and its two-hundred 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 12 month low of $9.92 and a 12 month high of $13.14.
Ecopetrol (NYSE:EC – Get Free Report) last released its earnings results on Wednesday, May 8th. The oil and gas company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.19 billion. Ecopetrol had a return on equity of 8.82% and a net margin of 14.35%. Sell-side analysts predict that Ecopetrol will post 2.54 earnings per share for the current 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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