Analysts Set Ecopetrol SA (EC) Price Target at $20.50

Ecopetrol SA (NYSE:EC) has received an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.00.

A number of equities analysts recently issued reports on EC shares. ValuEngine raised shares of Ecopetrol from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research raised shares of Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, February 15th. Santander raised shares of Ecopetrol from an “underperform” rating to a “hold” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a report on Friday, April 5th. Finally, Citigroup raised shares of Ecopetrol from a “neutral” rating to a “buy” rating in a report on Wednesday.

Large investors have recently modified their holdings of the business. Enlightenment Research LLC bought a new stake in shares of Ecopetrol during the fourth quarter valued at approximately $27,000. Lindbrook Capital LLC raised its position in shares of Ecopetrol by 116.6% during the first quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 708 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Ecopetrol during the fourth quarter valued at approximately $31,000. Financial Gravity Companies Inc. bought a new stake in shares of Ecopetrol during the fourth quarter valued at approximately $36,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Ecopetrol during the fourth quarter valued at approximately $64,000.

Shares of NYSE EC opened at $18.07 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.23 and a debt-to-equity ratio of 0.60. The stock has a market cap of $36.33 billion, a PE ratio of 10.39, a P/E/G ratio of 0.58 and a beta of 1.51. Ecopetrol has a 52-week low of $15.25 and a 52-week high of $27.96.

Ecopetrol (NYSE:EC) last announced its quarterly earnings results on Friday, April 5th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $6.02 billion for the quarter. Ecopetrol had a net margin of 16.70% and a return on equity of 10.61%. On average, equities research analysts forecast that Ecopetrol will post 1.81 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.3595 per share. This represents a yield of 2.95%. The ex-dividend date was Tuesday, April 23rd. Ecopetrol’s dividend payout ratio is currently 55.17%.

Ecopetrol Company Profile

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.

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Analyst Recommendations for Ecopetrol (NYSE:EC)

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