Things appear to be looking up for Ecopetrol SA ADR (EC)

Ecopetrol SA ADR (NYSE: EC) is 18.49% higher on its value in year-to-date trading and has touched a low of $8.38 and a high of $12.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EC stock was last observed hovering at around $11.94 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $2310.65 for the next 12 months. It is also 99.55% off the consensus price target high of $2627.42 offered by 11 analysts, but current levels are 99.43% higher than the price target low of $2095.36 for the same period.

Currently trading at $11.94, the stock is -3.95% and -1.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 0.00% at the moment leaves the stock 9.77% off its SMA200. EC registered 28.82% gain for a year compared to 6-month gain of 17.18%. 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.

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The stock witnessed a -2.59% loss in the last 1 month and extending the period to 3 months gives it a -3.35%, and is -5.64% down 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 2.11% over the week and 2.24% over the month.

Ecopetrol SA ADR (EC) has around 18903 employees, a market worth around $24.55B and $32.90B in sales. Current P/E ratio is 5.12 and Fwd P/E is 5.42. Profit margin for the company is 14.58%. Distance from 52-week low is 42.56% and -8.08% from its 52-week high. The company has generated returns on investments over the last 12 months (11.40%).

Ecopetrol SA ADR (EC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ecopetrol SA ADR (EC) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Ecopetrol SA ADR is expected to release its quarterly report on 02/27/2024.The EPS is expected to shrink by -46.74% this year.

Ecopetrol SA ADR (EC) Top Institutional Holders

The shares outstanding are 2.06B, and float is at 2.06B with Short Float at 0.45%.

Ecopetrol SA ADR (EC): Who are the competitors?

The company’s main competitors (and peers) include Petroleo Brasileiro S/A ADR (PBR) that is trading 42.29% up over the past 12 months. ENI S.p.A. ADR (E) that is 16.28% higher over the same period.