Ecopetrol SA ADR (NYSE:EC) shares, rose in value on Thursday, February 13, with the stock price up by 6.13% to the previous day’s close as strong demand from buyers drove the stock to $10.22.
Actively observing the price movement in the last trading, the stock closed the session at $9.63. The PE ratio was 5.51 over 12-month period. Referring to stock’s 52-week performance, its high was $12.73, and the low was $7.21. On the whole, EC has fluctuated by 19.25% over the past month.
With the market capitalization of Ecopetrol SA ADR currently standing at about $21.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 15.37%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of EC currently trading nearly 11.37% and 20.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.33, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 3.21%. Furthermore, Ecopetrol SA ADR (EC)’s beta value is 1.26, and its average true range (ATR) is 0.30.
A comparison of Ecopetrol SA ADR (EC) with its peers suggests the former has fared considerably weaker in the market. EC showed an intraday change of 6.13% in last session, and over the past year, it shrunk by -12.96%%.
Data on historical trading for Ecopetrol SA ADR (NYSE:EC) indicates that the trading volumes over the past 3 months, they’ve averaged 2.59 million. According to company’s latest data on outstanding shares, there are 2.06 billion shares outstanding.
Nearly 0.00% of Ecopetrol SA ADR’s shares belong to company insiders and institutional investors own 0.87% of the company’s shares. The stock has risen by 29.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EC stock heading into the next quarter.
