Research analysts working for StockNews.com have assumed coverage of the company Ecopetrol, as stated in a report that was made public on Thursday.
The brokerage firm gave the shares of the oil and gas company a rating of “hold,” which means to maintain current ownership.
When trading started on Thursday, one share of Ecopetrol was $10.01 per share. 1.15 is the value shared by all three ratios: the debt-to-equity ratio, the current ratio, and the quick ratio.
The ratio, as of right now, is 1.36.
The moving average price of the stock over the past fifty days is currently at $11.09, and the moving average price over the past 200 days is currently at $10.29. Over the previous twelve months, Ecopetrol’s lowest price was $8.59, while its highest price was $19.81.
The price-to-earnings ratio for the company is 2.63, and its beta value is 1.41.
The company is currently valued at $20.58 billion on the market.
In the past few weeks, various new brokerage firms have published reports on EC.
These firms have covered a range of topics.
In a research report published on Friday, February 10th, HSBC lowered their target price for Ecopetrol from $12.50 to $12.00, downgrading the company from a “buy” recommendation to a “hold” one.
The recommendation that UBS Group has placed on shares of Ecopetrol has been changed from “buy” to “neutral,” and their price objective for the stock has been set at $13.00.
The findings of a study were made available to the general public on February 9th.
The Goldman Sachs Group lowered its price objective for Ecopetrol’s shares from $12.40 to $11.00 and downgraded its stock from “neutral” to “underperform” in a published report on Wednesday.
This brings us to our last and most important point. Four different research experts have recommended that investors keep their current holdings of this stock.
According to Bloomberg.com, most financial analysts have “hold” ratings for the company, and their price objective is currently $12.00.
In the most recent few months, a wide range of institutional investors and hedge funds have either increased or decreased the percentage of their investments held by the company.
This change has taken place either in the positive or the negative.
The Northern Trust Corporation increased its holdings in Ecopetrol by 0.5 percent during the first quarter by purchasing additional shares.
The value of the 198,961 shares of the oil and gas company currently owned by Northern Trust Corp.
This was accomplished during the most recent quarter by purchasing 1,044 shares of the company’s stock. UBS Group AG increased the proportion of Ecopetrol stock owned by 11.1% during the first three months of 2018.
As a result of the purchase of an additional 1,058 shares during the quarter, UBS Group AG is now the owner of 10,610 shares of the oil and gas business.
The current market price of these shares is $197, making the total value of these shares equal to that amount.
During the second quarter, Credit Suisse AG completed a 10.8% increase in the proportion of its owned Ecopetrol shares. Credit Suisse AG now has 11,308 shares of the oil and fuel company’s stock, which is currently valued at $123,000 following the purchase of an additional 1,105 shares during the most recent period.
During the second quarter, Quantamental Technologies LLC achieved an 8.9% increase in the proportion of Ecopetrol shares it owned. Quantamental Technologies LLC now holds 13,975 shares of the oil and gas company’s stock, which is estimated at $152,000 after making an additional purchase of 1,143 shares during the quarter.
During the second quarter, Amundi made a one percent increase in the proportion of its investment allocated to Ecopetrol.
After making additional purchases totaling 1,166 shares throughout the month, Amundi now has 115,698 shares of the oil and gas company in its portfolio.
The value of all of Amundi’s holdings in the company comes to a total of 1,102,000 dollars. 1.30 various institutional investors and hedge funds own percent of the total number of shares in the company.
In addition to producing crude oil and natural gas, Ecopetrol SA is involved in various research and development activities.
Its operations can be divided into petrochemicals and refining, logistics and transportation, and production and exploration.
The third category is logistics and transportation.
The Exploration and Production section is in charge of all activities associated with exploring new oil and petroleum reserves and producing these resources.