While Ecopetrol SA ADR has underperformed by -0.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EC rose by 4.43%, with highs and lows ranging from $12.87 to $8.30, whereas the simple moving average fell by -1.60% in the last 200 days.
On March 04, 2024, Morgan Stanley Downgraded Ecopetrol SA ADR (NYSE: EC) to Underweight. A report published by Jefferies on September 21, 2023, Initiated its previous ‘Underperform’ rating for EC. BofA Securities Initiated an Neutral rating on August 23, 2023, and assigned a price target of $11.50. HSBC Securities February 10, 2023d its ‘Buy’ rating to ‘Hold’ for EC, as published in its report on February 10, 2023. UBS’s report from February 09, 2023 suggests a price prediction of $13 for EC shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Ecopetrol SA ADR (EC)
Investors in Ecopetrol SA ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.30 per share. Further, the quarter-over-quarter decrease in sales is -5.34%, showing a negative trend in the upcoming months.
One of the most important indicators of Ecopetrol SA ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 23.19% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.33, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and EC is recording 2.04M average volume. On a monthly basis, the volatility of the stock is set at 2.94%, whereas on a weekly basis, it is put at 2.96%, with a loss of -6.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.26, showing growth from the present price of $11.34, which can serve as yet another indication of whether EC is worth investing in or should be passed over.
How Do You Analyze Ecopetrol SA ADR Shares?
The Oil & Gas Integrated market is dominated by Ecopetrol SA ADR (EC) based in the Colombia. When comparing Ecopetrol SA ADR shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.29, there is a growth in quarterly earnings of -27.27%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 1.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EC shares are owned by institutional investors to the tune of 1.68% at present.
