Stock That Is Worth Exploring Now: Ecopetrol SA ADR (NYSE: EC)

Ecopetrol SA ADR (NYSE:EC) does about 1.96M shares in volume on a normal day but saw 1668539 shares change hands in Monday trading. The company now has a market cap of 24.92B USD. Its current market price is $12.12, marking an increase of 1.08% compared to the previous close of $11.99. The 52 week high reached by this stock is $12.87 whilst the lowest price level in 52 weeks is $9.58.

Ecopetrol SA ADR (EC) has a 20-day trading average at $12.10 and the current price is -5.81% off the 52-week high compared with 26.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.92 and its 200-day simple moving average is $11.89. If we look at the stock’s price movements over the week, volatility stands at 1.70%, which increases to 2.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.02 to suggest the stock is neutral.

The consensus objective for the share price is $11.92, suggesting that the stock has a potential downside of -1.68% over the period.

Morgan Stanley also downgraded the stock to “Underweight” from Equal-Weight on March 04, 2024 at a price target of $11-$8.50. Jefferies initiated its price target at $11.20.

Ecopetrol SA ADR (EC) stock is down -0.49% over the week and 3.15% over the past month. Its price is 2.39% year-to-date and 20.54% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -1.68 percent from here.

The company has a return on investment of 10.08% and return on equity of 25.33%. The price to earnings ratio (P/E ratio) amounts to 5.87 while the forward price to earnings ratio is 6.10. The beta has a value of 1.26. Price to book ratio is 1.39 and price to sales ratio is 0.77.