It is Poised to be a Bull Market for Ecopetrol SA ADR (EC)

With 4.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.92 million shares. The 52-week range on EC shows that it touched its highest point at $12.96 and its lowest point at $8.35 during that stretch. It currently has a 1-year price target of $12.49. With its current market cap of 26.11 billion, EC has annualized dividend of $2.48 while the current yield stands at 19.54%. Beta for the stock currently stands at 1.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EC was up-trending over the past week, with a rise of 15.14%, but this was up by 11.80% over a month. Three-month performance surged to 6.54% while six-month performance rose 11.22%. The stock gained 27.32% in the past year, while it has gained 6.54% so far this year. A look at the trailing 12-month EPS for EC yields 2.14 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.55. This implies an EPS growth rate of -4.90% for this year and -5.44% for next year. EPS is expected to decline by -5.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.43%.

Float and Shares Shorts:

At present, 2.06 billion EC shares are outstanding with a float of 2.06 billion shares on hand for trading. On Mar 15, 2024, short shares totaled 8.15 million, which was 0.40% higher than short shares on Feb 15, 2024. In addition to ET as the firm’s Energy Transfer LP, C serves as its Citigroup, Inc.

Institutional Ownership:

Through their ownership of 1.81% of EC’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.