Ecopetrol (NYSE:EC) Upgraded by Zacks Investment Research to Hold

Ecopetrol stock has undergone multiple analysts rating changes in the recent past.  Ecopetrol Upgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of Ecopetrol traded down -$0.02 on Tuesday, reaching $15.62. 0 shares of the stock traded hands, compared to its average volume of 860182. Shares of Ecopetrol were trading at $15.62 on Tuesday. The firm’s 50 day moving average is $13.75 and its 200 day moving average is $13.17.Ecopetrol has a 12 month low of $15.53 and a 12 month high of $15.91. While on yearly highs and lows, Ecopetrol’s today has traded high as $15.81 and has touched $15.53 on the downward trend. See More Analyst Rating at: RATING

Ecopetrol Earnings and What to expect: 

Ecopetrol last issued its quarterly earnings results on August 4th, 2021. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by $0.06. The company had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.26 billion. Ecopetrol has generated $0.28 earnings per share over the last year ($1.10 diluted earnings per share) and currently has a price-to-earnings ratio of 14.2. Earnings for Ecopetrol are expected to grow by 10.53% in the coming year, from $1.90 to $2.10 per share. Ecopetrol has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 18th, 2021 based off prior year’s report dates.

Earnings for Ecopetrol are expected to grow by 10.53% in the coming year, from $1.90 to $2.10 per share. The P/E ratio of Ecopetrol is 14.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.76. The P/E ratio of Ecopetrol is 14.20, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.95. Ecopetrol has a PEG Ratio of 0.16. PEG Ratios below 1 indicate that a company could be undervalued. Ecopetrol has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Ecopetrol (NYSE:EC) Moving Average Technical Analysis

5 day Moving Average is $15.35 And 5 day price change is $0.74 (4.97%)  with average volume for 5 day average is 650,320. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $14.23 and 20 day price change is $2.34 (17.62%) and average 20 day moving volume is 876,090. 50 day moving average is $13.75  and 50 day price change is $2.35 ( 17.71%)  and with average volume for 50 days is : 901,446. 200 day moving average is $13.17  and 200 day price change is $2.64 (20.34%)  and with average volume for 200 days is : 1,013,731.

Other owners latest trading in Ecopetrol :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 696,079 which equates to market value of $10.18M and appx 0.00% owners of Ecopetrol
  • On 8/25/2021 shares held by Marshall Wace LLP were 675,719 which equates to market value of $9.88M and appx 0.00% owners of Ecopetrol
  • On 8/23/2021 shares held by Morgan Stanley were 210,708 which equates to market value of $3.08M and appx 0.00% owners of Ecopetrol
  • In total Institutional ownership equates to Institutional Ownership Percentage: 1.50% for Ecopetrol

See More Analyst Rating at: RATING