Is Ecopetrol SA ADR (NYSE: EC) Proving The Doubters Wrong?

Ecopetrol SA ADR (EC) concluded trading on Thursday at a closing price of $8.23, with 5.03 million shares of worth about $41.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.07% during that period and on April 10, 2025 the price saw a loss of about -8.04%. 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 -13.82% in past 5 days and over the past one month there was a price change of -15.50%. Year-to-date (YTD), EC shares are showing a performance of 3.91% which decreased to -31.54% 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 $12.59 during that period. The average intraday trading volume for Ecopetrol SA ADR shares is 2.88 million. The stock is currently trading -16.48% below its 20-day simple moving average (SMA20), while that difference is down -16.70% for SMA50 and it goes to -11.25% lower than SMA200.

Ecopetrol SA ADR (NYSE: EC) currently have 2.06B outstanding shares and institutions hold larger chunk of about 1.00% of that.

The stock has a current market capitalization of $16.92B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 4.61, while it has posted earnings per share of $1.78 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 1.43. 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 10.73% while standing at 4.54% over the month.

Stock’s fiscal year EPS is expected to rise by 7.03% while it is estimated to decrease by -10.08% in next year. EPS is likely to grow at an annualized rate of -0.54% for next 5-years, compared to annual growth of -1.92% 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 Citigroup on February 18, 2025 offering a Buy rating for the stock and assigned a target price range of between $9 and $14 to it. Coverage by JP Morgan stated Ecopetrol SA ADR (EC) stock as a Neutral in their note to investors on February 13, 2025, suggesting a price target of $9.50 for the stock. Stock get an Underweight rating from Morgan Stanley on March 04, 2024.

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