Ecopetrol S.A. (NYSE:EC) shares traded -2.36% lower at $11.18 on Wall Street last session.
In accordance with the data, 12 analysts cover Ecopetrol S.A. (NYSE:EC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $59218.38 and a low of $39344.55, we find $51091.50. Given the previous closing price of $11.45, this indicates a potential upside of 446113.97 percent. EC stock price is now 7.85% away from the 50-day moving average and 9.37% away from the 200-day moving average. The market capitalization of the company currently stands at $22.58B.
It has been rated a hold by 10 analysts and a buy by 2. Brokers who have rated the stock have averaged $50277.82 as their price target over the next twelve months.
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 $7,644,000. MAXI INVESTMENTS CY LTD invested $6,708,000 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 $3,634,000. CENTERBOOK PARTNERS LP acquired a new stake in EC for approximately $3,529,000. MIRABELLA FINANCIAL SERVICES LLP purchased a new stake in EC valued at around $2,736,000 in the second quarter.
Ecopetrol S.A. (NYSE: EC) opened at $11.45 on Wednesday. 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 $10.40 and a two-hundred day moving average price translates $10.32 for the stock.
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 19.40% 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 14.88% percent yield. There was an ex-dividend date of 09/26/2023 for this dividend.
