Analyst Rating Update on Ecopetrol S.A. (EC)

Ecopetrol S.A. (NYSE:EC) has an average broker rating of 3.6, which is interpreted as a Sell, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Ecopetrol S.A. (NYSE:EC) : The most positive equity analysts on Ecopetrol S.A. (NYSE:EC) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $7.67 with an expected fluctuation of $1.04 from the mean.

The shares have received a consensus rating of Sell for the current week

Ecopetrol S.A. (NYSE:EC): stock turned positive on Tuesday. Though the stock opened at $9.24, the bulls momentum made the stock top out at $9.35 level for the day. The stock recorded a low of $9.17 and closed the trading day at $9.32, in the green by 3.79%. The total traded volume for the day was 679,851. The stock had closed at $8.98 in the previous days trading.

Ecopetrol S.A. is an oil company. The Companys 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. It conducts exploration and production activities through some of its subsidiaries and through joint ventures with third parties. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. It conducts these activities through its wholly owned subsidiary Cenit and Cenits subsidiaries. Its key refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a wholly owned subsidiary of it. It has presence in Colombia, Peru, Brazil, Angola and the United States Gulf Coast.

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