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

Ecopetrol S.A. (EC) : Zacks Investment Research ranks Ecopetrol S.A. (EC) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.6, which indicates as a Sell.

Ecopetrol S.A. (EC) : The most positive equity analysts on Ecopetrol S.A. (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.

Ecopetrol S.A. (NYSE:EC): The stock opened at $9.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.22 for the day. The stock traded down to $8.99 during the day, due to lack of any buying support eventually closed down at $9.18 with a loss of -0.11% for the day. The stock had closed at $9.19 on the previous day. The total traded volume was 882,548 shares.

The company shares have dropped -23.42% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $12.51 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.36 and the 200 Day Moving Average price is recorded at $8.16.

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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