Industry News

Ecopetrol (NYSE:EC) Sets New 12-Month Low at $15.25

By August 24, 2019 No Comments

Shares of Ecopetrol SA (NYSE:EC) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.25 and last traded at $15.29, with a volume of 666434 shares traded. The stock had previously closed at $15.86.

Separately, Citigroup upgraded shares of Ecopetrol from a “neutral” rating to a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.33.

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 1.26. The stock has a market cap of $32.91 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.47 and a beta of 1.53. The company’s 50 day simple moving average is $17.69 and its 200 day simple moving average is $18.91.

Large investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. boosted its holdings in Ecopetrol by 2.5% in the 1st quarter. Wetherby Asset Management Inc. now owns 22,906 shares of the oil and gas company’s stock worth $491,000 after buying an additional 562 shares during the period. Lindbrook Capital LLC boosted its holdings in Ecopetrol by 116.6% in the 1st quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock worth $28,000 after buying an additional 708 shares during the period. Cadence Capital Management LLC boosted its holdings in Ecopetrol by 6.5% in the 2nd quarter. Cadence Capital Management LLC now owns 12,638 shares of the oil and gas company’s stock worth $231,000 after buying an additional 768 shares during the period. Bank of Montreal Can boosted its holdings in Ecopetrol by 4.2% in the 1st quarter. Bank of Montreal Can now owns 63,981 shares of the oil and gas company’s stock valued at $1,372,000 after purchasing an additional 2,572 shares during the period. Finally, US Bancorp DE boosted its holdings in Ecopetrol by 53.5% in the 2nd quarter. US Bancorp DE now owns 7,452 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 2,598 shares during the period. Hedge funds and other institutional investors own 2.65% of the company’s stock.

About Ecopetrol (NYSE:EC)

Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.

See Also: How does equity income fit into an investing strategy?

Receive News & Ratings for Ecopetrol Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ecopetrol and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link