Ecopetrol SA ADR (NYSE: EC) is -31.30% lower on its value in year-to-date trading and has touched a low of $7.21 and a high of $12.78 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 $8.05 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $8.08, the stock is 4.08% and -3.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.37% at the moment leaves the stock -22.82% off its SMA200. EC registered -33.40% loss for a year compared to 6-month loss of -31.55%. The firm has a 50-day simple moving average (SMA 50) of $8.389 and a 200-day simple moving average (SMA200) of $10.5204.
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The stock witnessed a -0.74% gain in the last 1 month and extending the period to 3 months gives it a -19.52%, and is 9.78% 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 2.94% over the week and 2.64% over the month.
Current P/E ratio is 4.36 and Fwd P/E is 5.04. Profit margin for the company is 11.86%. Distance from 52-week low is 12.07% and -36.80% from its 52-week high. The company has generated returns on investments over the last 12 months (8.70%).
The EPS is expected to shrink by -18.74% this year
The shares outstanding are 2.06B, and float is at 2.06B with Short Float at 0.69%.
The top institutional shareholder in the company is GQG PARTNERS LLC with over 12.32 million shares valued at $137.88 million. The investor’s holdings represent 0.03 of the EC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.07 million shares valued at $34.3 million to account for 0.0075 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.29 million shares representing 0.0031 and valued at over $14.4 million, while JPMORGAN CHASE & CO holds 0.0025 of the shares totaling 1.04 million with a market value of $11.61 million.
