The trading price of Ecopetrol SA ADR (NYSE:EC) floating higher at last check on current market day and closing at $9.20, 0.99% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 4.96. In examining the 52-week price action we see that the stock hit a 52-week high of $12.73 and a 52-week low of $7.21. Over the past month, the stock has lost -4.37% in value.
Ecopetrol SA ADR, whose market valuation is $18.91 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 17.08%, while its Forward Dividend ratio is 1.57. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 1.6 for current year and 1.79 for next year.
Analysts have forecast the company to bring in revenue of 33.98T for the current quarter, with the likely lows of 33.98T and highs of 33.98T. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 130.99T.
On the technical side, indicators suggest EC has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EC a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Ecopetrol SA ADR (EC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that EC’s price is currently -7.99% off the SMA20 and 1.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.32, and weekly volatility stands at 4.05%. When measured over the past 30 days, the indicator reaches 3.16%. Ecopetrol SA ADR (NYSE:EC)’s beta value is currently sitting at 0.96, while the Average True Range indicator is currently displaying 0.34. With analysts defining $6.8-$6.8 as the low and high price targets, we arrive at a consensus price target of $6.8 for the trailing 12-month period. The current price is about 26.09% off the estimated low and 26.09% off the forecast high, based on this estimate. Investors will be thrilled if EC’s share price rises to $6.8, which is the median consensus price. At that level, EC’s share price would be 26.09% above current price.
To see how Ecopetrol SA ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: EC stock’s performance was 0.99% at last check in today’s session, and -17.92% in the past year. Ecopetrol SA ADR has a P/E ratio of 4.96, compared to Petroleo Brasileiro S/A ADR’s 11.46 and ENI S.p.A. ADR’s 16.68.
An evaluation of the daily trading volume of Ecopetrol SA ADR (NYSE:EC) indicates that the 3-month average is 2.62 million.
Currently, records show that 2.06 billion of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 0.99%. However, since the stock’s price has seen 16.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
