Impact of Brokerage Rating on Ecopetrol S.A.(EC)

Many Ecopetrol S.A.(EC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ecopetrol SA (ADR) was Upgraded by Deutsche Bank to Buy on Dec 7, 2016.

Ecopetrol S.A. (NYSE:EC) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.6 by 5 Brokerage Firm. 3 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Ecopetrol S.A. (NYSE:EC): 4 analysts have set the short term price target of Ecopetrol S.A. (NYSE:EC) at $8.63. The standard deviation of short term price target has been estimated at $2.14, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 10 and $6 respectively.

Ecopetrol S.A. (NYSE:EC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.52% or 0.05 points. After the session commenced at $9.57, the stock reached the higher end at $9.59 while it hit a low of $9.47. With the volume soaring to 902,605 shares, the last trade was called at $9.51. The company has a 52-week high of $10.29. The company has a market cap of $19,551 million and there are 2,055,834,700 shares in outstanding. The 52-week low of the share price is $5.98.

ECOPETROL S.A. is a Colombia-based petroleum company. The Company is focused on identifying opportunities primarily within the eastern Llanos Basin of Colombia, as well as in other areas in Colombia and northern Peru. The Companys operation includes the extraction, collection, treatment, storage and pumping or compression of hydrocarbons. Ecopetrol has four management divisions to handle the operation of 163 production fields. Ecopetrols production is concentrated in the upper, middle and lower Magdalena, the Eastern Plans and the Caribbean, and the provinces of Putumayo, Cesar and Norte de Santander.


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