Ecopetrol SA ADR (NYSE:EC) shares, rose in value on Thursday, April 04, with the stock price down by -5.10% to the previous day’s close as strong demand from buyers drove the stock to $12.15.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.80. The value of beta (5-year monthly) is 0.76 whereas the PE ratio is 5.67 over 12-month period. Referring to stock’s 52-week performance, its high was $12.87, and the low was $8.30. On the whole, EC has fluctuated by 15.40% over the past month.
The company’s Forward Dividend Ratio is 2.48, with its dividend yield at 20.42%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.59, which is expected to increase to $1.08 for fiscal year $2.35 and then to about $2.07 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.30% in 2025, while the next year’s EPS growth is forecast to be -11.90%.
Analysts have estimated the company’s revenue for the quarter at $8.71 billion, with a low estimate of $7.99 billion and a high estimate of $9.43 billion. According to the average forecast, sales growth in current quarter could jump up 34.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $34.51 billion, representing an increase of 4.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EC currently trading nearly 9.91% and 6.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.45, while the 7-day volatility ratio is showing 3.23% which for the 30-day chart, stands at 2.53%. Furthermore, Ecopetrol SA ADR (EC)’s beta value is 1.29, and its average true range (ATR) is 0.36.
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 -5.10% in today’s session so far, and over the past year, it grew by 14.38%%.
Data on historical trading for Ecopetrol SA ADR (NYSE:EC) indicates that the trading volumes over the past 10 days have averaged 2.71 million and over the past 3 months, they’ve averaged 1.98 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 1.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.15 million shares as on Mar 15, 2024, resulting in a short ratio of 3.79. According to the data, the short interest in Ecopetrol SA ADR (EC) stood at 0.40% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.12 million. The stock has risen by 2.62% 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.
