The stock of Ecopetrol S.A. (NYSE:EC) increased by $0.33 on Wednesday to $12.03, up 2.82 percent. The last five days have seen an average of 1,207,248 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $1.56. The average number of shares traded over the last 20 days was 1,390,332, while the average volume over the last 50 days totaled 1,322,683.
EC stock appreciated 5.07% since last month. On 08/16/23, the company’s shares reached a one-month low of $10.98. The stock touched a high of $12.19 on 01/23/23, after rallying from a low of $8.48 in 52 weeks. The price of EC stock has risen by 16.40% or $1.56 this year, reaching a new high 9 times. Still, the stock price is down -1.32% 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 3.88. Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 1.38.
Company paid $0.1479 per share in dividends, a decrease of -78.24% from $0.6797 last year.
Financial Health
For the three months ended June 29, Ecopetrol S.A.’s quick ratio was 1.10, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.22, and the total debt to equity ratio is 1.44. As far as profitability goes, gross margin for the trailing twelve months is 40.70% percent. Ecopetrol S.A.’s EBITDA margin for the year ended June 29 was 30.60%, whereas its operating margin stood at 33.50% for the same period. Based on annual data, it had gross profit of $77.17 billion and revenue of $175.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EC’s return on assets (ROA) during the last 12 months has been 8.70%. There was a 20.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.60%.
Earnings Surprise
According to Ecopetrol S.A.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $40.69 billion, while revenues rose by 42.43% to $0.0. It was predicted that Ecopetrol S.A.’s quarterly earnings would be $0.45, but it ended up being $0.51, beating the consensus by -11.80%. EBITDA was $3.38 billion for the quarter.
Technical Picture
Here’s a quick look at Ecopetrol S.A.’s (EC) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 75.57%, suggesting the stock is Overbought, with a 18.02% historical volatility rate.
The stochastic %K and %D were 88.64% and 68.38% respectively, while the average true range (ATR) was 0.29. Based on the 14-day stochastic reading of 97.22%, the RSI (14) reading is 69.02%. On the 9-day MACD Oscillator, the stock is at 0.31, and the 14-day reading is at 0.37.
Analyst Ratings
Analysts have assigned Ecopetrol S.A. (EC) an Hold rating. EC is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is EC’s price target for the next 12 months?
The current consensus forecast for the stock is between $39563.75 and $61732.00, with a median target price of $48409.32. In analyzing these forecasts, the average price target given by analysts for Ecopetrol S.A. (EC) is $48850.10.
