Analyst Rating Update on Ecopetrol S.A. (EC)

Ecopetrol S.A. (EC) : Zacks Investment Research ranks Ecopetrol S.A. (EC) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.2, which indicates as a Hold.

Ecopetrol S.A. (EC) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $8. The average forecast of all the analysts is $8.83 and the expected standard deviation is $0.76.

The shares have received a consensus rating of Sell for the current week


Ecopetrol S.A. (NYSE:EC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.84 and $7.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.99, notching a gain of 2.04% for the day. The total traded volume was 1,399,371 . The stock had closed at $7.83 on the previous day.

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.

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