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Ecopetrol (NYSE:EC)’s share price reached a new 52-week low on Wednesday , American Banking News.com reports. The stock traded as low as $33.08 and last traded at $33.26, with a volume of 1,254,741 shares trading hands. The stock had previously closed at $34.74.

EC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Ecopetrol to a “hold” rating in a research note on Wednesday, February 12th. Finally, analysts at Citigroup Inc. upgraded shares of Ecopetrol from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Ecopetrol currently has an average rating of “Hold” and a consensus target price of $45.83.

The stock’s 50-day moving average is $35.25 and its 200-day moving average is $42.04. The company has a market cap of $68.254 billion and a price-to-earnings ratio of 8.69.

Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.

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