Stock On Watch: Could Ecopetrol SA (ADR) Rise Even More? The Stock Had Another Big Increase Today

Stock On Watch: Could Ecopetrol SA (ADR) Rise Even More? The Stock Had Another Big Increase Today

The stock of Ecopetrol SA (ADR) (NYSE:EC) is a huge mover today! About 363,445 shares traded hands. Ecopetrol SA (ADR) (NYSE:EC) has declined 2.49% since March 7, 2016 and is downtrending. It has underperformed by 10.09% the S&P500.
The move comes after 6 months positive chart setup for the $18.82B company. It was reported on Oct, 10 by We have $14.28 PT which if reached, will make NYSE:EC worth $10.16 billion more.

Ecopetrol SA (ADR) (NYSE:EC) Ratings Coverage

Out of 3 analysts covering Ecopetrol (NYSE:EC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Ecopetrol has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Deutsche Bank upgraded the stock to “Sell” rating in Wednesday, August 12 report. As per Friday, September 9, the company rating was upgraded by Tudor Pickering. Deutsche Bank downgraded it to “Hold” rating and $10 target price in Tuesday, March 8 report.

According to Zacks Investment Research, “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 Company’s 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. Ecopetrol’s 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.”

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.07, from 1.09 in 2016Q1. The ratio increased, as 17 funds sold all Ecopetrol SA (ADR) shares owned while 28 reduced positions. 14 funds bought stakes while 38 increased positions. They now own 42.95 million shares or 6.97% more from 40.15 million shares in 2016Q1.
Apg Asset Mgmt Nv has 0.01% invested in the company for 439,900 shares. Barrow Hanley Mewhinney Strauss Ltd Llc holds 0.04% or 2.41M shares in its portfolio. Campbell And Co Investment Adviser Limited Liability Co last reported 10,203 shares in the company. Ubs Asset Americas Incorporated last reported 0% of its portfolio in the stock. Hsbc Hldgs Plc accumulated 297,151 shares or 0.01% of the stock. Northern Corp accumulated 0% or 199,314 shares. Citigroup last reported 0% of its portfolio in the stock. Daiwa Secs Grp holds 2,600 shares or 0% of its portfolio. Renaissance Technology Ltd accumulated 4.88M shares or 0.09% of the stock. M&T Bank & Trust Corporation owns 10,200 shares or 0% of their US portfolio. Thomas White last reported 129,028 shares in the company. Us State Bank De accumulated 5,343 shares or 0% of the stock. Citadel Limited Company has 0% invested in the company for 12,683 shares. Peak6 Investments Lp last reported 0% of its portfolio in the stock. The Colorado-based Asset Management Inc has invested 0.04% in Ecopetrol SA (ADR) (NYSE:EC).

More recent Ecopetrol SA (ADR) (NYSE:EC) news were published by: which released: “Plus the latest data from on 21 home markets across the US” on December 21, 2009. Also published the news titled: “S&P reaffirms the international rating of investment grade for Ecopetrol SA” on June 30, 2016.‘s news article titled: “How to Invest in Colombia” with publication date: September 03, 2014 was also an interesting one.

EC Company Profile

Ecopetrol S.A., incorporated on July 18, 2003, is an oil company. The Firm operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s divisions include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels.

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