Ecopetrol SA ADR (NYSE: EC) is -17.48% lower on its value in year-to-date trading and has touched a low of $7.21 and a high of $11.05 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 $8.73 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $8.92, the stock is -0.63% and -0.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing 2.18% at the moment leaves the stock 1.23% off its SMA200. EC registered 12.63% gain for a year compared to 6-month gain of 5.69%. The firm has a 50-day simple moving average (SMA 50) of $8.933 and a 200-day simple moving average (SMA200) of $8.8114.
The stock witnessed a -5.61% loss in the last 1 month and extending the period to 3 months gives it a -1.33%, and is 0.56% 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 2.20% over the week and 2.35% over the month.
Current P/E ratio is 5.41 and Fwd P/E is 6.25. Profit margin for the company is 10.75%. Distance from 52-week low is 23.72% and -19.24% from its 52-week high. The company has generated returns on investments over the last 12 months (7.77%).
The EPS is expected to shrink by -17.35% this year
174.0 institutions hold shares in Ecopetrol SA ADR (EC), with institutional investors hold 1.18% of the company’s shares. The shares outstanding are 2.06B, and float is at 2.06B with Short Float at 0.79%. Institutions hold 1.18% of the Float.
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.
