Analysis Of The Weekly Performance Of Ecopetrol S.A. (EC)

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Ecopetrol S.A. (NYSE:EC) finished Thursday with a subtraction of -$0.77 to close at $9.30, a downside of -7.65 percent. An average of 934,509 shares of common stock have been traded in the last five days. There was a fall of -$0.95 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,117,832 shares traded, while the 50-day average volume stands at 1,298,129.

EC stock has decreased by -9.52% in the last month. The company shares reached their 1-month lowest point of $9.30 on 09/23/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $9.31 and a high of $18.47 in 52 weeks. It has reached a new high 24 times so far this year and lost -16.19% or -$3.59 in price. In spite of this, the price is down -49.64% from the 52-week high.


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Valuation Metrics

Ecopetrol S.A. (EC) has a trailing price-to-earnings (P/E) ratio of 3.39. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 1.27, and the price-to-cash flow ratio at 7.90.

The company’s most recent quarterly dividend payment was $0.7970 a share, representing a down of -42.2% from $1.3790 last year. Its latest decrease dividend $0.5820 reported on Friday June 17 2022.

Financial Health

The quick ratio of Ecopetrol S.A. for the three months ended December 30 was 1.20, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.26 and a total debt to equity ratio of 1.40 for the quarter ending December 30. Its gross profit as reported stood at $47.19 billion compared to revenue of $119.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ecopetrol S.A.’s return on assets was 10.80%.

Earnings Surprise

For the three-month period that ended December 30, Ecopetrol S.A. had $1.61 billion in cash and short-term investments compared to $463.83 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.99 billion in the quarter, while revenues were grew 89.86%. The analyst consensus anticipated Ecopetrol S.A.’s latest quarter earnings to come in at $0.57 per share, but it turned out to be $0.76, a 33.30% surprise. For the quarter, EBITDA amounted to $6.44 billion. At the end of the quarter ending December 30, Ecopetrol S.A.’s stock balance sheet showed total liabilities of 50.46 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ecopetrol S.A. (EC) price momentum. RSI 9-day as of the close on 22 September was 30.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.83%.

As of today, EC’s price is $9.94 -9.26% or -$0.95 from its 5-day moving average. EC is currently trading -16.96% lower than its 20-day SMA and -42.44% lower than its 100-day SMA. However, the stock’s current price level is -2.30% below the SMA50 and -33.23% below the SMA200.

The stochastic %K and %D were 7.74% and 14.66%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 0.05% and the average true range at 0.46, the RSI (14) stands at 35.65%. The stock has reached -0.50 on the 9-day MACD Oscillator while the 14-day reading was at -0.61.

Analyst Ratings

Morgan Stanley downgraded Ecopetrol S.A. (NYSE: EC) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Ecopetrol S.A. (EC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EC, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is EC’s price target for the next 12 months?

Analysts predict a range of price targets between $51319.92 and $77311.80, with a median target of $61315.28. Taking a look at these predictions, the average price target given by analysts for Ecopetrol S.A. (EC) stock is $62933.30.

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