Equities researchers at Citigroup started coverage on shares of Ecopetrol (NYSE:EC) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $12.00 price target on the oil and gas company’s stock. Citigroup’s price objective indicates a potential upside of 2.21% from the company’s previous close.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Ecopetrol from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Raymond James Financial reaffirmed an “underperform” rating on shares of Ecopetrol in a report on Tuesday, November 28th. ValuEngine downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 10th. Finally, downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Ecopetrol has an average rating of “Hold” and an average target price of $10.50.

Shares of Ecopetrol (EC) traded down $0.12 on Wednesday, hitting $11.74. 1,427,077 shares of the stock traded hands, compared to its average volume of 1,035,112. Ecopetrol has a 52 week low of $8.44 and a 52 week high of $12.30. The firm has a market cap of $24,464.44, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82.

Several hedge funds and other institutional investors have recently bought and sold shares of EC. Alliancebernstein L.P. boosted its holdings in Ecopetrol by 25.1% in the 1st quarter. Alliancebernstein L.P. now owns 17,656 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 3,537 shares during the period. Vanguard Group Inc. boosted its holdings in Ecopetrol by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 3,143,927 shares of the oil and gas company’s stock valued at $29,301,000 after purchasing an additional 166,225 shares during the period. KCG Holdings Inc. bought a new stake in Ecopetrol in the 1st quarter valued at $129,000. Schwab Charles Investment Management Inc. boosted its holdings in Ecopetrol by 17.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 195,467 shares of the oil and gas company’s stock valued at $1,822,000 after purchasing an additional 28,480 shares during the period. Finally, Trexquant Investment LP bought a new stake in Ecopetrol in the 2nd quarter valued at $146,000. 2.06% of the stock is owned by institutional investors and hedge funds.

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Ecopetrol Company Profile

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.

Analyst Recommendations for Ecopetrol (NYSE:EC)

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