In yesterday’s Wall Street session, Ecopetrol SA ADR (NYSE:EC) shares traded at $11.37, down -9.20% from the previous session.
13 analysts cover Ecopetrol SA ADR (NYSE:EC), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $61732.00 and a low of $39563.75, we find $48740.56. Given the previous closing price of $12.52, this indicates a potential upside of 389201.6 percent. EC stock price is now -1.03% away from the 50-day moving average and 8.36% away from the 200-day moving average. The market capitalization of the company currently stands at $23.37B.
The stock has received a hold rating from 12 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $48660.61 as their price target over the next twelve months.
With the price target of $11.20, Jefferies recently initiated with Underperform rating for Ecopetrol SA ADR (NYSE: EC).
A total of 0.00% 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 SA ADR shares was purchased by NORGES BANK during the first quarter worth $7,774,000. VERITION FUND MANAGEMENT LLC invested $5,806,000 in shares of EC during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Ecopetrol SA ADR valued at approximately $2,853,000. JENKINS WEALTH acquired a new stake in EC for approximately $1,239,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in EC valued at around $739,000 in the second quarter. In total, there are 190 active investors with 1.43% ownership of the company’s stock.
On Tuesday morning Ecopetrol SA ADR (NYSE: EC) stock kicked off with the opening price of $11.62. During the past 12 months, Ecopetrol SA ADR has had a low of $8.38 and a high of $12.93. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 1.21, and a quick ratio of 1.04. The fifty day moving average price for EC is $11.64 and a two-hundred day moving average price translates $10.69 for the stock.
The latest earnings results from Ecopetrol SA ADR (NYSE: EC) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.45, missing analysts’ expectations of $0.51 by -0.06. This compares to $$1,971,900 EPS in the same period last year. The net profit margin was 16.74% and return on equity was 32.73% 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 $8.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/29/2023. Investors who held shares on 12/20/2023 were paid a $0.8275991 dividend. On an annualized basis, this represents a $2.05 dividend and a 18.04% percent yield. There was an ex-dividend date of 12/19/2023 for this dividend. In terms of dividend payout ratio, EC is presently at 68.80%.
Ecopetrol SA ADR(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.
