The price of Ecopetrol S.A. (NYSE:EC) shares last traded on Wall Street rose 1.70% to $10.77.
EC stock price is now 10.03% away from the 50-day moving average and 6.67% away from the 200-day moving average. The market capitalization of the company currently stands at $21.56B.
With the price target reduced from $12.50 to $12, HSBC Securities Downgraded its rating from Buy to Hold for Ecopetrol S.A. (NYSE: EC).
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EC stock. A new stake in Ecopetrol S.A. shares was purchased by NORGES BANK during the first quarter worth $7,363,000. MAXI INVESTMENTS CY LTD invested $6,462,000 in shares of EC during the first quarter. In the first quarter, WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in Ecopetrol S.A. valued at approximately $3,500,000. CENTERBOOK PARTNERS LP acquired a new stake in EC for approximately $3,400,000. MIRABELLA FINANCIAL SERVICES LLP purchased a new stake in EC valued at around $2,636,000 in the second quarter. In total, there are 192 active investors with 1.50% ownership of the company’s stock.
A candlestick chart of Ecopetrol S.A. (NYSE: EC) showed a price of $10.78 on Wednesday morning. During the past 12 months, Ecopetrol S.A. has had a low of $8.48 and a high of $12.19. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for EC is $9.81 and a two-hundred day moving average price translates $10.20 for the stock.
The latest earnings results from Ecopetrol S.A. (NYSE: EC) was released for Mar, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.69, missing analysts’ expectations of $0.82 by -0.13. This compares to $$1,971,900 EPS in the same period last year. The net profit margin was 19.90% and return on equity was 41.10% for EC. The company reported revenue of $7.77 billion for the quarter, compared to $9.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.23 percent. For the current quarter, analysts expect EC to generate $6.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/05/2023. Investors who held shares on 09/27/2023 were paid a $0.8275991 dividend. On an annualized basis, this represents a $1.66 dividend and a 15.45% percent yield. There was an ex-dividend date of 09/26/2023 for this dividend.
Ecopetrol S.A.(EC) Company Profile
Ecopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2022, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is headquartered in Bogotá, Colombia.
