News coverage about Ecopetrol (NYSE:EC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ecopetrol earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.51142826877 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ecopetrol S.A. (NYSE:EC) Raised to “Sell” at BidaskClub (americanbankingnews.com)
- Ecopetrol Announces Timing of the Second Quarter of 2017 … - PR Newswire (press release) (prnewswire.com)
- Petronas Awarded Shallow Water Block in Mexico’s Salina Basin (oilandgaspeople.com)
- Ecopetrol Announces Timing of the Second Quarter of 2017 Earnings Report and Conference Call (finance.yahoo.com)
- Tecnoglass Promotes Santiago Giraldo to Chief Financial Officer - MarketWatch (marketwatch.com)
A number of analysts have weighed in on EC shares. Zacks Investment Research cut Ecopetrol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. TheStreet upgraded Ecopetrol from a “d+” rating to a “c” rating in a research report on Wednesday, May 17th. Morgan Stanley cut Ecopetrol from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $9.40 to $8.00 in a research report on Wednesday, May 31st. HSBC Holdings plc upgraded Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Monday, June 5th. Finally, BidaskClub cut Ecopetrol from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.25.
Shares of Ecopetrol (EC) traded down 0.86% during mid-day trading on Friday, reaching $9.27. The company’s stock had a trading volume of 597,219 shares. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 19.31 and a beta of 1.05. The firm has a 50 day moving average price of $9.07 and a 200 day moving average price of $9.27. Ecopetrol has a 52-week low of $7.65 and a 52-week high of $10.36.
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About Ecopetrol
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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