Ecopetrol S.A. (NYSE:EC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.6 by 5 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Brokerage firm Deutsche Bank downgrades its rating on Ecopetrol S.A. (NYSE:EC). In a research note issued to the investors, the brokerage major raises price-target of $10 per share.The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 8, 2016.
Ecopetrol S.A. (NYSE:EC): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $7.67 in Ecopetrol S.A. (NYSE:EC). However, the stock price could fluctuate by $ 1.04 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $9 price target with the lower price estimate is calculated at $7
Ecopetrol S.A. (NYSE:EC) rose 0.21% or 0.02 points on Tuesday and made its way into the gainers of the day. After trading began at $9.51 the stock was seen hitting $9.6 as a peak level and $9.465 as the lowest level. The stock ended up at $9.58. The daily volume was measured at 1,189,035 shares. The 52-week high of the share price is $13.74 and the 52-week low is $5.16. The company has a market cap of $19,695 million.
Shares of Ecopetrol SA rose by 3.46% in the last five trading days and 4.24% for the last 4 weeks. Ecopetrol SA is up 9.86% in the last 3-month period. Year-to-Date the stock performance stands at 36.66%.
Ecopetrol S.A. is an oil company. The Companys business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad. It conducts exploration and production activities through some of its subsidiaries and through joint ventures with third parties. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. It conducts these activities through its wholly owned subsidiary Cenit and Cenits subsidiaries. Its key refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a wholly owned subsidiary of it. It has presence in Colombia, Peru, Brazil, Angola and the United States Gulf Coast.