Ecopetrol (NYSE:EC) received a $12.00 price target from investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the oil and gas company’s stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 31.27% from the company’s previous close.
Other equities research analysts have also issued reports about the company. UBS Group lowered Ecopetrol from a “neutral” rating to a “sell” rating in a research report on Thursday, January 11th. TheStreet raised Ecopetrol from a “c+” rating to a “b-” rating in a research report on Wednesday, January 24th. Raymond James Financial reissued an “underperform” rating on shares of Ecopetrol in a research report on Tuesday, November 28th. Zacks Investment Research raised Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, January 30th. Finally, Citigroup lowered Ecopetrol from a “neutral” rating to a “sell” rating in a research report on Monday, February 5th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.
Ecopetrol (NYSE:EC) traded down $0.05 during mid-day trading on Tuesday, hitting $17.46. The company had a trading volume of 339,130 shares, compared to its average volume of 2,018,534. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 1.37. The firm has a market cap of $35,997.68, a price-to-earnings ratio of 39.66, a P/E/G ratio of 0.28 and a beta of 1.36. Ecopetrol has a twelve month low of $8.44 and a twelve month high of $20.55.
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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