Ecopetrol SA (EC) Shares Down 2.7%
Ecopetrol SA (NYSE:EC) fell 2.7% on Thursday . The stock traded as low as $8.57 and last traded at $8.62, with a volume of 336,323 shares changing hands. The stock had previously closed at $8.86.
Several research firms have recently weighed in on EC. Zacks Investment Research lowered Ecopetrol SA from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley upgraded Ecopetrol SA from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $6.50 to $9.50 in a research note on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.13.
The company has a 50-day moving average of $8.81 and a 200 day moving average of $8.86. The firm’s market cap is $17.72 billion.
Ecopetrol SA is an oil company. The Company’s 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.
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