Ecopetrol S.A. (NYSE:EC) Short Interest Update

Ecopetrol S.A. (NYSE:ECGet Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,790,000 shares, a growth of 7.0% from the May 31st total of 9,150,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,180,000 shares, the short-interest ratio is currently 4.5 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EC shares. The Goldman Sachs Group upped their target price on shares of Ecopetrol from $10.30 to $11.90 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Bank of America cut Ecopetrol from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Ecopetrol currently has an average rating of “Hold” and a consensus price target of $11.27.

Read Our Latest Report on Ecopetrol

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Ecopetrol by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,402 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 2,355 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Ecopetrol in the first quarter valued at $141,000. Earnest Partners LLC raised its position in shares of Ecopetrol by 1.2% in the first quarter. Earnest Partners LLC now owns 510,803 shares of the oil and gas company’s stock valued at $6,048,000 after purchasing an additional 5,844 shares during the period. MQS Management LLC acquired a new stake in shares of Ecopetrol during the 1st quarter worth about $125,000. Finally, GQG Partners LLC boosted its holdings in shares of Ecopetrol by 0.9% during the 1st quarter. GQG Partners LLC now owns 12,291,956 shares of the oil and gas company’s stock worth $145,537,000 after buying an additional 105,172 shares during the period.

Ecopetrol Stock Up 1.1 %

EC traded up $0.12 on Wednesday, hitting $11.27. 1,390,498 shares of the company were exchanged, compared to its average volume of 2,035,988. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.58. The stock’s fifty day moving average is $11.85 and its 200-day moving average is $11.76. The company has a market cap of $23.16 billion, a PE ratio of 4.90, a PEG ratio of 1.01 and a beta of 1.23. Ecopetrol has a 12 month low of $9.92 and a 12 month high of $13.14.

Ecopetrol (NYSE:ECGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $7.98 billion during the quarter, compared to analyst estimates of $8.19 billion. Ecopetrol had a net margin of 14.35% and a return on equity of 8.82%. Equities research analysts predict that Ecopetrol will post 2.54 EPS for the current fiscal year.

About Ecopetrol

(Get Free Report)

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.

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