177 institutions hold shares in Ecopetrol S.A. (EC), with institutional investors hold 1.93% of the company’s shares. The shares outstanding are 2.06B, and float is at 221.63M with Short Float at 4.00%. Institutions hold 1.93% of the Float.
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The top institutional shareholder in the company is Renaissance Technologies, LLC with over 6.45 million shares valued at $83.31 million. The investor’s holdings represent 0.31% of the EC Shares outstanding. As of Dec 30, 2020, the second largest holder is Barrow, Hanley Mewhinney & Strauss, LLC with 2.85 million shares valued at $36.85 million to account for 0.14% of the shares outstanding. The other top investors are AllianceBernstein, L.P. which holds 2.13 million shares representing 0.10% and valued at over $27.53 million, while Vanguard Group, Inc. (The) holds 0.10% of the shares totaling 2.08 million with a market value of $26.85 million.
Ecopetrol S.A. (NYSE: EC) is -0.23% lower on its value in year-to-date trading and has touched a low of $6.28 and a high of $19.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EC stock was last observed hovering at around $12.45 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $13.91 for the next 12 months. It is also 15.82% off the consensus price target high of $15.30 offered by 10 analysts, but current levels are -17.09% lower than the price target low of $11.00 for the same period.
Currently trading at $12.88, the stock is 5.18% and -0.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 3.45% at the moment leaves the stock 11.50% off its SMA200. EC registered -33.57% loss for a year compared to 6-month gain of 14.18%. The firm has a 50-day simple moving average (SMA 50) of $12.87 and a 200-day simple moving average (SMA200) of $11.64.
The stock witnessed a -4.02% loss in the last 1 month and extending the period to 3 months gives it a 8.78%, and is 2.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.34% over the week and 2.89% over the month.
Ecopetrol S.A. (EC) has around 9150 employees, a market worth around $26.74B and $15.35B in sales. Current P/E ratio is 18.69 and Fwd P/E is 11.18. Profit margin for the company is 9.20%. Distance from 52-week low is 105.10% and -34.78% from its 52-week high. The company has generated returns on investments over the last 12 months (16.70%).
Ecopetrol S.A. (EC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ecopetrol S.A. (EC) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 2.80, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Ecopetrol S.A. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $3.79B over the same period.The EPS is expected to grow by 14.70% this year, but quarterly earnings will post -38.30% year-over-year. Quarterly sales are estimated to shrink -30.70% in year-over-year returns.
Ecopetrol S.A. (EC): Who are the competitors?
The company’s main competitors (and peers) include Petroleo Brasileiro S.A. – Petrobras (PBR) that is trading -35.24% down over the past 12 months. YPF Sociedad Anonima (YPF) is -55.04% down on the 1-year trading charts. Short interest in the company’s stock has risen 19.07% from the last report on Dec 30, 2020 to stand at a total of 7.17 million short shares sold with a short interest ratio of 8.78.