Ecopetrol S.A. (NYSE:EC) currently has a daily average trading volume of 2.46M but it saw 2713043 shares traded on Thursday. With a market cap of 21.02B USD, stock’s current market price of $10.08 came rising about 0.70 while comparing to the previous closing price of $10.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.47 and as low as $8.59. In the recent trading on the day, stock has struck highest price mark of $10.145 while lowest mark touched by it was $9.705.
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Taking a look at 20-day trading activity of Ecopetrol S.A. (EC) gives us an average price of $10.83, while its current price level is -45.41% below from 52-week high level whereas it is 17.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.05 while that of 200 days or SMA-200 reads an average of $10.75. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.36% during that period while stretching the period over a month that decreases to 3.70%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.31 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the HSBC Securities which downgraded the stock as “Hold” in its note to investors issued on February 10, 2023, recommending a price target of between $12.50 and $12 for it. UBS downgraded its recommendation for the stock as a “Neutral” from “Buy” on February 09, 2023 while assigning a price target of $13.
Over the week, EC’s stock price is moving -8.45% down while it is -6.15% when we observe its performance for the past one month. Year-to-date it is -3.72% down and over the past year, the stock is showing a downside performance of -35.13%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $1.3 beat the consensus estimate of $1.04 for the same. For EC, analysts are forecasting an EPS-growth rate of 76.50% for current year and estimate for EPS growth in next year is -41.00%. In next quarter, company is expected to be making quarterly sales of $10.35 billion as analysts are expecting the sales for current fiscal year at $38.69 billion and seeing the company making $34.69 billion in sales next year. Moreover, analysts are in estimates of $9.68 billion for current-quarter revenue.
Currently, Ecopetrol S.A.’s total number of outstanding shares is 2.06B with 0.03% of that held by the insiders while 1.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.20% and return on equity (ROE) at 37.10%. It has a price to earnings ratio (P/E ratio) of 2.94 while having a 4.67 of forward P/E ratio. Stock’s beta reads 1.44. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 0.63. Its return on asset (ROA) is 10.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that First Trust Indxx Global Natural came shrinking its share ownership by 0.66% in the Ecopetrol S.A. (EC) increasing its stake to 0.06% with control over 7956.0 shares in the company. As per SEC documents, First Trust Indxx Global Natural sought 1,217,325 of company’s common stock of worth $13.5 million as per recent closing price of the stock. First Trust Indxx Global Natural is not the only institutional holder which restructured its stake in Ecopetrol S.A., as Vanguard Emerging Markets Stock I picked 1,105,668 shares of worth $12.26 million to bring its holdings to a total of 24104.0 shares.
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