The stock of Ecopetrol SA ADR (NYSE: EC) has decreased by -2.20 when compared to last closing price of 10.70.Despite this, the company has seen a loss of -3.19% in its stock price over the last five trading days. zacks.com reported 2024-07-23 that Recently, Zacks.com users have been paying close attention to Ecopetrol (EC). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in Ecopetrol SA ADR (NYSE: EC) Right Now?
Ecopetrol SA ADR (NYSE: EC) has a price-to-earnings ratio of 5.07x that is above its average ratio. Additionally, the 36-month beta value for EC is 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 4 rating it as “sell.”
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The public float for EC is 2.06B and currently, short sellers hold a 0.44% ratio of that float. The average trading volume of EC on July 29, 2024 was 2.02M shares.
EC’s Market Performance
EC stock saw a decrease of -3.19% in the past week, with a monthly decline of -6.23% and a quarterly a decrease of -11.11%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.62% for Ecopetrol SA ADR (EC). The simple moving average for the past 20 days is -4.89% for EC’s stock, with a -10.16% simple moving average for the past 200 days.
Analysts’ Opinion of EC
Morgan Stanley, on the other hand, stated in their research note that they expect to see EC reach a price target of $8.50, previously predicting the price at $11. The rating they have provided for EC stocks is “Underweight” according to the report published on March 04th, 2024.
Jefferies gave a rating of “Underperform” to EC, setting the target price at $11.20 in the report published on September 21st of the previous year.
EC Trading at -9.38% from the 50-Day Moving Average
After a stumble in the market that brought EC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.14% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.15% lower at present.
During the last 5 trading sessions, EC fell by -2.31%, which changed the moving average for the period of 200-days by -10.20% in comparison to the 20-day moving average, which settled at $10.97. In addition, Ecopetrol SA ADR saw -11.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EC
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.35 for the gross margin
The net margin for Ecopetrol SA ADR stands at 0.13. The total capital return value is set at 0.16. Equity return is now at value 25.33, with 5.99 for asset returns.
Based on Ecopetrol SA ADR (EC), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.57. The interest coverage ratio of the stock is 4.2.
Currently, EBITDA for the company is 37.25 trillion with net debt to EBITDA at 1.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 3.07for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Ecopetrol SA ADR (EC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
