Currently, there are 2.06B common shares owned by the public and among those 2.06B shares have been available to trade.
The company’s stock has a 5-day price change of -3.73% and -9.36% over the past three months. EC shares are trading -4.70% year to date (YTD), with the 12-month market performance up to 3.88% higher. It has a 12-month low price of $8.35 and touched a high of $12.96 over the same period. EC has an average intraday trading volume of 1.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.03%, -4.92%, and 0.35% respectively.
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Institutional ownership of Ecopetrol SA ADR (NYSE: EC) shares accounts for 1.69% of the company’s 2.06B shares outstanding.
It has a market capitalization of $23.35B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 4.87, while the earnings-per-share (ttm) stands at $2.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.43% over the week and 2.15% over the month.
Analysts forecast that Ecopetrol SA ADR (EC) will achieve an EPS of $0.54 for the current quarter, $0.56 for the next quarter and $2.2 for 2024. The lowest estimate earnings-per-share for the quarter is $0.51 while analysts give the company a high EPS estimate of $0.58. Comparatively, EPS for the current quarter was $0.69 a year ago. Earnings per share for the fiscal year are expected to decrease by -15.22%, and -6.98% over the next financial year. EPS should shrink at an annualized rate of -5.50% over the next five years, compared to 2.43% over the past 5-year period.
Looking at the support for the EC, a number of firms have released research notes about the stock. Jefferies stated their Underperform rating for the stock in a research note on September 21, 2023, with the firm’s price target at $11.20. BofA Securities was of a view on August 23, 2023 that the stock is Neutral, while HSBC Securities gave the stock Hold rating on February 10, 2023, issuing a price target of $12.50- $12. UBS on their part issued Neutral rating on February 09, 2023.
