While Ecopetrol SA ADR has underperformed by -1.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EC fell by -32.82%, with highs and lows ranging from $12.78 to $8.21, whereas the simple moving average fell by -25.57% in the last 200 days.
On September 25, 2024, JP Morgan Downgraded Ecopetrol SA ADR (NYSE: EC) to Underweight. A report published by BofA Securities on May 30, 2024, Downgraded its rating to ‘Underperform’ for EC. Morgan Stanley also Downgraded EC shares as ‘Underweight’, setting a target price of $8.50 on the company’s shares in a report dated March 04, 2024. Jefferies Initiated an Underperform rating on September 21, 2023, and assigned a price target of $11.20. Citigroup September 13, 2023d its ‘Buy’ rating to ‘Neutral’ for EC, as published in its report on September 13, 2023. BofA Securities’s report from August 23, 2023 suggests a price prediction of $11.50 for EC shares, giving the stock a ‘Neutral’ rating. HSBC Securities also rated the stock as ‘Hold’.
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Analysis of Ecopetrol SA ADR (EC)
A return on investment can be expected regardless of EC’s performance over the next quarter with the dividend set at $2.40 per share. Further, the quarter-over-quarter increase in sales is 6.36%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Ecopetrol SA ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 23.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and EC is recording an average volume of 2.01M. On a monthly basis, the volatility of the stock is set at 2.53%, whereas on a weekly basis, it is put at 1.88%, with a loss of -7.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.79, showing growth from the present price of $8.15, 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?
A leading company in the Oil & Gas Integrated sector, Ecopetrol SA ADR (EC) is 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 4.01, there is a growth in quarterly earnings of -7.07%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.40% 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 1.40% at present.
