As of Friday close, Ecopetrol S.A.’s (NYSE:EC) stock was up $0.02, moving up 0.16 percent to $12.57. The average number of shares traded per day over the past five days has been 3,687,220 shares. 3 times new highs have been achieved over the past 5 days, with a $0.03 gain in that time frame. In the last twenty days, the average volume was 2,277,685, while in the previous 50 days, it was 1,708,990.
Since last month, EC stock rose 10.85%. Shares of the company fell to $11.01 on 08/23/23, the lowest level in the past month. A 52-week high of $13.08 was reached on 09/20/23 after having rallying from a 52-week low of $8.48. Since the beginning of this year, EC’s stock price has risen by 21.62% or $2.10, and marked a new high 14 times. However, the stock has declined by -3.90% since its 52-week high.
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Valuation Metrics
Right now, Ecopetrol S.A. (EC) has a P/E ratio of about 3.89. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 1.38.
The latest dividend of $0.1479 per share was paid out, which is -78.24% less than last year’s $0.6797.
Financial Health
In the three months ended June 29, Ecopetrol S.A.’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.22, and the total debt-to-equity ratio was 1.44. On the profitability front, the trailing twelve-month gross margin is 40.70% percent. In the year ended June 29, EBITDA margin amounted to 30.60%, whereas operating margins totaled 33.40%. Based on annual data, EC earned $77.17 billion in gross profit and brought in $175.57 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.90%. Return on equity (ROE) for the past 12 months was 32.60%.
In Ecopetrol S.A.’s quarter-end financial report for June 29, it reported total debt of $612.63 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EC’s revenue rose 42.43% during the quarter, while net income inched up to $40.69 billion. While analysts expected Ecopetrol S.A. to report $0.51 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by -11.80%. During the quarter, the company generated $3.38 billion in EBITDA. The liabilities of Ecopetrol S.A. were 42.54 billion at the end of its most recent quarter ended June 29.
Technical Picture
This quick technical analysis looks at Ecopetrol S.A.’s (EC) price momentum. With a historical volatility rate of 26.61%, the RSI 9-day stood at 62.65% on 22 September.
With respect to its five-day moving average, the current Ecopetrol S.A. price is up by +0.24% percent or $0.03. At present, EC shares trade +11.83% above its 20-day simple moving average and +31.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.90% above its SMA50 and +36.93% above its SMA200.
Stochastic coefficient K was 69.61% and Stochastic coefficient D was 80.31%, while ATR was 0.28. Given the Stochastic reading of 61.07% for the 14-day period, the RSI (14) reading has been calculated as 63.87%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.35.
Analyst Ratings
Jefferies launched its rating on Ecopetrol S.A. (NYSE: EC) to an Underperform in a note to investors on September 21, 2023. Ecopetrol S.A. (EC) has been rated Hold by analysts. According to 1 brokerage firm, EC is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ecopetrol S.A. stock as buy, with 0 recommending it as overweight.
With a median target price of $48740.56, the current consensus forecast for the stock is $39563.75 – $61732.00. Based on these forecasts, analysts predict Ecopetrol S.A. (EC) will achieve an average price target of $48660.61.
