Ecopetrol SA (EC) Shares Down 2.7%
Ecopetrol SA (NYSE:EC)’s share price traded down 2.7% during trading on Thursday . The company traded as low as $8.57 and last traded at $8.62, with a volume of 336,323 shares traded. The stock had previously closed at $8.86.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Ecopetrol SA from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley upgraded shares of Ecopetrol SA from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $6.50 to $9.50 in a research note on Thursday, July 7th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.83.
The stock’s 50-day moving average price is $8.77 and its 200-day moving average price is $8.86. The firm’s market cap is $18.36 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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