Ecopetrol SA ADR (NYSE: EC) has a price-to-earnings ratio of 3.92x that is above its average ratio. Additionally, the 36-month beta value for EC is 1.22. 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.”
The public float for EC is 2.06B and currently, short sellers hold a 0.65% ratio of that float. The average trading volume of EC on October 30, 2024 was 2.11M shares.
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EC) stock’s latest price update
The stock of Ecopetrol SA ADR (NYSE: EC) has decreased by -0.99 when compared to last closing price of 8.05. Despite this, the company has experienced a -2.09% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-29 that BOGOTA, Colombia, Oct. 29, 2024 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) announces that, continuing with its comprehensive debt management strategy, it will redeem the outstanding balance of its 5.375% notes maturing in June 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the “2026 Notes”), which were issued in 2015.
EC’s Market Performance
Ecopetrol SA ADR (EC) has experienced a -2.09% fall in stock performance for the past week, with a -10.75% drop in the past month, and a -25.65% drop in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are at 2.35% for EC. The simple moving average for the past 20 days is -5.65% for EC’s stock, with a -26.15% simple moving average for the past 200 days.
Analysts’ Opinion of EC
Many brokerage firms have already submitted their reports for EC stocks, with JP Morgan repeating the rating for EC by listing it as a “Underweight.” The predicted price for EC in the upcoming period, according to JP Morgan is $8.50 based on the research report published on September 25, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Underweight” to EC, setting the target price at $8.50 in the report published on March 04th of the current year.
EC Trading at -11.72% 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 -37.66% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -11.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.44% lower at present.
During the last 5 trading sessions, EC fell by -2.09%, which changed the moving average for the period of 200-days by -34.35% in comparison to the 20-day moving average, which settled at $8.45. In addition, Ecopetrol SA ADR saw -32.23% 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:
- 0.27 for the present operating margin
- 0.35 for the gross margin
The net margin for Ecopetrol SA ADR stands at 0.12. The total capital return value is set at 0.15. Equity return is now at value 23.39, with 6.00 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 0.3. The debt to equity ratio resting at 1.54. The interest coverage ratio of the stock is 4.22.
Currently, EBITDA for the company is 37.25 trillion with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 5.68for 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 1.48.
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.
