News headlines about Ecopetrol (NYSE:EC) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ecopetrol earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.111194714774 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Pemex Revolving Door Turns as CEO Becomes Finance Minister (rigzone.com)
- Ecopetrol : Director authorization to purchase Ecopetrol shares (4-traders.com)
- Ecopetrol SA (EC) Expected to Post Earnings of $0.23 Per Share (americanbankingnews.com)
- Ecopetrol SA (EC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Ecopetrol SA will invest between $3.5 bln to $4 bln in 2018 (ECOPETROL) (uk.news.yahoo.com)
Shares of Ecopetrol (NYSE EC) traded down $0.14 during mid-day trading on Monday, hitting $11.75. The company’s stock had a trading volume of 790,600 shares, compared to its average volume of 1,027,134. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.37 and a quick ratio of 1.07. Ecopetrol has a 52 week low of $7.84 and a 52 week high of $12.30. The company has a market cap of $24,156.06, a P/E ratio of 26.70, a P/E/G ratio of 0.36 and a beta of 1.12.
Several analysts recently weighed in on the company. BidaskClub upgraded Ecopetrol from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine upgraded Ecopetrol from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. J P Morgan Chase & Co upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 target price for the company in a research note on Wednesday, October 25th. Finally, downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Ecopetrol has an average rating of “Hold” and a consensus price target of $10.20.
Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.
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