Ecopetrol SA ADR (NYSE:EC) price on Friday, November 15, rose 2.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.92.
A look at the stock’s price movement, the close in the last trading session was $7.73, moving within a range at $7.71 and $7.97. The PE ratio in trailing twelve months stood at 3.90. Turning to its 52-week performance, $12.78 and $7.21 were the 52-week high and 52-week low respectively. Overall, EC moved -2.82% over the past month.
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Ecopetrol SA ADR’s market cap currently stands at around $16.28 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13. The company has a Forward Dividend ratio of 2.40, with its dividend yield at 30.26%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 31.94T for the company’s revenue for the quarter, with a low and high estimate of 29.84T and 34.67T respectively. The average forecast suggests down to a -8.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 135.37T, representing a -5.39% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EC is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend EC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EC’s current price about 2.06% and -6.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.82, while 7-day volatility ratio is 3.46% and 2.68% in the 30-day chart. Further, Ecopetrol SA ADR (EC) has a beta value of 1.23, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $11.35, forecast between a low of $10.2 and high of $12.5. Looking at the price targets, the low is -28.79% off current price level while to achieve the yearly target high, price needs to move -57.83%. Nonetheless, investors will most likely welcome a -43.31% jump to $11.35 which is the analysts’ median price.
If we refocus on Ecopetrol SA ADR (NYSE:EC), historical trading data shows that trading volumes averaged 3.51 over the past 10 days and 2.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.06 billion shares.
The 0.00% of Ecopetrol SA ADR’s shares are in the hands of company insiders while institutional holders own 1.36% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.23 million on 2024-10-31, giving us a short ratio of 5.77. The data shows that as of 2024-10-31 short interest in Ecopetrol SA ADR (EC) stood at 601.00004 of shares outstanding, with shares short rising to 12.4 million registered in 2024-09-30. Current price change has pushed the stock -32.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EC stock continues to rise going into the next quarter.
