Ecopetrol SA ADR (NYSE: EC) is -17.16% lower on its value in year-to-date trading and has touched a low of $7.21 and a high of $11.32 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 $8.9 in the last trading session, with the day’s gains setting it 2709991.1%.
Currently trading at $2710000.0, the stock is 0.44% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing 4.16% at the moment leaves the stock 5.07% off its SMA200. EC registered 17.05% gain for a year compared to 6-month gain of 22.78%. The firm has a 50-day simple moving average (SMA 50) of $8.7884 and a 200-day simple moving average (SMA200) of $8.82245.
The stock witnessed a 9.06% loss in the last 1 month and extending the period to 3 months gives it a -12.63%, and is -0.64% 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 2.62% over the week and 2.79% over the month.
Current P/E ratio is 5.62 and Fwd P/E is 5.82. Profit margin for the company is 10.75%. Distance from 52-week low is 28.57% and -18.11% 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 -8.65% this year
171.0 institutions hold shares in Ecopetrol SA ADR (EC), with institutional investors hold 1.16% of the company’s shares. The shares outstanding are 2.06B, and float is at 2.06B with Short Float at 0.76%. Institutions hold 1.16% 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.
