Ecopetrol SA ADR (NYSE:EC) price on current trading day, fall -1.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.99.
A look at the stock’s price movement, the level at last check in today’s session was $10.12. The PE ratio in trailing twelve months stood at 5.39. Turning to its 52-week performance, $12.73 and $7.21 were the 52-week high and 52-week low respectively. Overall, EC moved 16.09% over the past month.
Ecopetrol SA ADR’s market cap currently stands at around $20.55 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.57, with its dividend yield at 15.72%. 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 34.15T for the company’s revenue for the quarter, with a low and high estimate of 32.91T and 36.73T respectively. The average forecast suggests down to a -1.86% 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 136.19T, representing a -4.82% 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 100% Buy. On the other hand, the stock is on average a 25% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 -0.46% and 11.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.98, while 7-day volatility ratio is 2.68% and 3.16% in the 30-day chart. Further, Ecopetrol SA ADR (EC) has a beta value of 1.25, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $6.8 and high of $10.2. Looking at the price targets, the low is 31.93% off recent price level in today’s trading while to achieve the yearly target high, it has to move -2.1%. Nonetheless, investors will most likely welcome a 14.91% jump to $8.5 which is the analysts’ median price.
If we refocus on Ecopetrol SA ADR (NYSE:EC), historical trading data shows that trading volumes averaged 2.47 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 0.99% of the company’s shares. Current price change has pushed the stock 26.20% 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.
