Ecopetrol S.A. (NYSE: EC) is -8.08% lower on its value in year-to-date trading and has touched a low of $8.48 and a high of $16.19 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 $9.42 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $54663.12 for the next 12 months. It is also 99.99% off the consensus price target high of $71185.48 offered by 12 analysts, but current levels are 99.98% higher than the price target low of $43274.97 for the same period.
Currently trading at $9.50, the stock is 2.70% and -5.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 0.85% at the moment leaves the stock -6.52% off its SMA200. EC registered -27.19% loss for a year compared to 6-month gain of -2.69%. The firm has a 50-day simple moving average (SMA 50) of $0.00 and a 200-day simple moving average (SMA200) of $0.00.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
The stock witnessed a -17.11% loss in the last 1 month and extending the period to 3 months gives it a -6.92%, and is 3.71% 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 2.64% over the week and 3.66% over the month.
Ecopetrol S.A. (EC) has around 9150 employees, a market worth around $19.39B and $36.58B in sales. Current P/E ratio is 2.73 and Fwd P/E is 4.44. Profit margin for the company is 19.50%. Distance from 52-week low is 12.04% and -41.34% from its 52-week high. The company has generated returns on investments over the last 12 months (20.90%).
Ecopetrol S.A. (EC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ecopetrol S.A. (EC) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.70, where 9 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ecopetrol S.A. is expected to release its quarterly report on 08/15/2023.The EPS is expected to grow by 100.10% this year.
Ecopetrol S.A. (EC) Top Institutional Holders
The shares outstanding are 2.06B, and float is at 221.63M with Short Float at 2.93%.
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 -20.52% down over the past 12 months and Eni S.p.A. (E) that is -1.20% lower over the same period. YPF Sociedad Anonima (YPF) is 157.37% up on the 1-year trading charts.