Ecopetrol (EC) Downgraded by JPMorgan Chase & Co.
Ecopetrol (NYSE:EC) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Tuesday, MarketBeat.com reports. They presently have a $12.00 price target on the oil and gas company’s stock, up from their prior price target of $9.30. JPMorgan Chase & Co.’s target price points to a potential downside of 31.23% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Ecopetrol from a “c+” rating to a “b-” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, January 30th. lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Citigroup initiated coverage on shares of Ecopetrol in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.00.
Shares of Ecopetrol (EC) traded down $0.06 during trading hours on Tuesday, hitting $17.45. 742,578 shares of the company’s stock traded hands, compared to its average volume of 2,022,402. Ecopetrol has a 12 month low of $8.44 and a 12 month high of $20.55. The firm has a market capitalization of $35,830.00, a price-to-earnings ratio of 30.05, a P/E/G ratio of 0.28 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.82.
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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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