Ecopetrol (NYSE:EC) Stock Rating Lowered by StockNews.com

Ecopetrol (NYSE:EC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other equities analysts have also commented on EC. Citigroup raised Ecopetrol from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $14.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $7.50 to $9.50 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Ecopetrol Price Performance

Ecopetrol stock opened at $10.31 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. The firm has a market cap of $21.19 billion, a P/E ratio of 4.93 and a beta of 1.22. The business’s fifty day moving average is $9.49 and its two-hundred day moving average is $8.73. Ecopetrol has a 52 week low of $7.21 and a 52 week high of $12.90.

Hedge Funds Weigh In On Ecopetrol

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Ecopetrol by 81.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 425,116 shares of the oil and gas company’s stock valued at $3,796,000 after acquiring an additional 190,293 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Ecopetrol in the fourth quarter valued at about $790,000. SBI Securities Co. Ltd. bought a new stake in Ecopetrol in the fourth quarter valued at about $2,060,000. Strategic Financial Concepts LLC bought a new stake in Ecopetrol in the fourth quarter valued at about $179,000. Finally, BNP Paribas Financial Markets increased its holdings in Ecopetrol by 61.9% in the third quarter. BNP Paribas Financial Markets now owns 56,783 shares of the oil and gas company’s stock valued at $507,000 after purchasing an additional 21,703 shares during the last quarter.

Ecopetrol Company Profile

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.