Equities research analysts at Tudor Pickering initiated coverage on shares of Ecopetrol S.A. (NYSE: EC) in a research note to investors on Thursday. The analysts set a "hold" rating on the stock.

Separately, analysts at RBC Capital (NYSE: RY) initiated coverage on shares of Ecopetrol S.A. in a research note to investors on Monday, July 25th. They set a "sector perform" rating and a $44.00 price target on the stock. Also, analysts at Zacks Investment Research downgraded shares of Ecopetrol S.A. from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, June 27th.

Shares of Ecopetrol S.A. opened at 40.66 on Friday. Ecopetrol S.A. has a 52 week low of $36.55 and a 52 week high of $51.92. The stock's 50-day moving average is $41.66 and its 200-day moving average is $42.24. The company has a market cap of $82.281 billion and a price-to-earnings ratio of 17.99.

Ecopetrol S.A. (Ecopetrol) is a vertically integrated oil company operating in Colombia and overseas. The Company divides its operations into four business segments: exploration and production, transportation, refining, and marketing and supply. Ecopetrol’s exploration and production business segment includes exploration, development and production activities in Colombia and abroad. It conducts exploration and production activities directly and through joint ventures with third parties. Ecopetrol’s transportation segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, excluding natural gas. In February 2009, the Company, in partnership with Korea National Oil Corporation (KNOC), acquired a 100% stake (50% for each participating company) in Offshore International Group Inc. (OIG). In May 2009, Ecopetrol completed the acquisition of all shares held by Glencore in Reficar S.A.

Source: NewsyStocks.com