Ecopetrol SA (NYSE:EC) shares traded down 5.6% during mid-day trading on Friday . The company traded as low as $21.75 and last traded at $21.75. 1,115,491 shares were traded during mid-day trading, an increase of 25% from the average session volume of 891,157 shares. The stock had previously closed at $23.03.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a research report on Friday, February 15th. Citigroup set a $21.00 price target on Ecopetrol and gave the stock a “hold” rating in a report on Monday, December 17th. ValuEngine upgraded Ecopetrol from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. UBS Group upgraded Ecopetrol from a “sell” rating to a “neutral” rating in a report on Wednesday, December 12th. Finally, Santander upgraded Ecopetrol from an “underperform” rating to a “hold” rating in a report on Wednesday, March 6th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.
The firm has a market capitalization of $46.30 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 0.74 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.
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About Ecopetrol (NYSE:EC)
Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.
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