Analysts Update Their Price Forecasts For Ecopetrol SA ADR (EC)

Ecopetrol SA ADR (EC) concluded trading on Wednesday at a closing price of $9.04, with 3.93 million shares of worth about $35.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.31% during that period and on January 29, 2025 the price saw a gain of about 4.99%. Currently the company’s common shares owned by public are about 2.06B shares, out of which, 2.06B shares are available for trading.

Stock saw a price change of 9.31% in past 5 days and over the past one month there was a price change of 19.74%. Year-to-date (YTD), EC shares are showing a performance of 14.14% which decreased to -25.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.21 but also hit the highest price of $12.73 during that period. The average intraday trading volume for Ecopetrol SA ADR shares is 2.48 million. The stock is currently trading 7.31% above its 20-day simple moving average (SMA20), while that difference is up 11.01% for SMA50 and it goes to -7.31% lower than SMA200.

Ecopetrol SA ADR (NYSE: EC) currently have 2.06B outstanding shares and institutions hold larger chunk of about 1.32% of that.

The stock has a current market capitalization of $18.58B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 4.88, while it has posted earnings per share of $1.85 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 1.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EC, volatility over the week remained 3.29% while standing at 2.71% over the month.

Stock’s fiscal year EPS is expected to drop by -15.17% while it is estimated to decrease by -11.28% in next year. EPS is likely to shrink at an annualized rate of -10.60% for next 5-years, compared to annual growth of 2.43% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on September 25, 2024 offering an Underweight rating for the stock and assigned a target price range of between $12 and $8.50 to it. On March 04, 2024, Morgan Stanley Downgrade their recommendations, while on September 21, 2023, Jefferies Initiated their ratings for the stock with a price target of $11.20. Stock get a Neutral rating from Citigroup on September 13, 2023.

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