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Enter Symbol:
Ecopetrol S.A. (EC) [hlAlert]

down 73.19 %

Ecopetrol S.A. (EC) rated Outperform with price target $40 by Raymond James

Posted on: Wednesday,  Jan 15, 2014  8:25 AM ET by Raymond James

Raymond James rated Outperform Ecopetrol S.A. (NYSE: EC) on 01/15/2014, when the stock price was $35.78. Since
then, Ecopetrol S.A. has lost 73.20% as of 01/25/2016's recent price of $9.59.
If you would have followed this Raymond James's recommendation on EC, you would have lost 73.19% of your investment in 740 days.

Ecopetrol S.A. (Ecopetrol) is an oil company operating in Colombia and overseas. The Company operates in four business segments: exploration and production; transportation; refining; and marketing and supply. Exports of crude oil and refined-products accounted for approximately 33% of Colombia?s total exports during the year ended December 31, 2008, of which the Company?s exports accounted for 48%. In February 2009, Ecopetrol and Korea National Oil Corporation (KNOC) acquired Offshore International Group Inc. In February 2009, Ecopetrol and KNOC jointly acquired PetroTech Peruana SA. In May 2009, Ecopetrol completed the acquisition of all shares held by Glencore in Reficar S.A. In June 2009, the Company established Ecopetrol Global Energy S.L. Ecopetrol transferred all of its stake in Ecopetrol America Inc (Ecopetrol's affiliate in the United States) to its investment affiliate Ecopetrol Global Energy S.L.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2014 8:25 AM Buy
35.78 40.00
as of 10/17/2014
1 Week up  2.13 %
1 Month down  -14.13 %
3 Months down  -16.85 %
1 YTD down  -18.36 %

(*) Stock Price at the time of the recommendation.
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