$2.04M in average volume shows that Ecopetrol SA ADR (EC) is heading in the right direction

On Friday, Ecopetrol SA ADR (NYSE: EC) was -3.07% down from the session before settling in for the closing price of $12.07. A 52-week range for EC has been $8.30 – $12.87.

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During the last 5-year period, the sales growth of Energy Sector giant was 10.43%. When this article was written, the company’s average yearly earnings per share was at 2.22%. With a float of $2.06 billion, this company’s outstanding shares have now reached $2.06 billion.

Ecopetrol SA ADR (EC) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ecopetrol SA ADR stocks. The insider ownership of Ecopetrol SA ADR is 0.00%, while institutional ownership is 1.69%.

Ecopetrol SA ADR (EC) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 15.42 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 2.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.50% during the next five years compared to 2.43% growth over the previous five years of trading.

Ecopetrol SA ADR (NYSE: EC) Trading Performance Indicators

You can see what Ecopetrol SA ADR (EC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.74. Likewise, its price to free cash flow for the trailing twelve months is 16.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.14, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.09 in one year’s time.

Technical Analysis of Ecopetrol SA ADR (EC)

Looking closely at Ecopetrol SA ADR (NYSE: EC), its last 5-days average volume was 2.59 million, which is a jump from its year-to-date volume of 2.06 million. As of the previous 9 days, the stock’s Stochastic %D was 36.83%. Additionally, its Average True Range was 0.37.

During the past 100 days, Ecopetrol SA ADR’s (EC) raw stochastic average was set at 49.47%, which indicates a significant increase from 40.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.37% in the past 14 days, which was higher than the 31.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.52, while its 200-day Moving Average is $11.72. However, in the short run, Ecopetrol SA ADR’s stock first resistance to watch stands at $12.03. Second resistance stands at $12.37. The third major resistance level sits at $12.53. If the price goes on to break the first support level at $11.53, it is likely to go to the next support level at $11.37. Should the price break the second support level, the third support level stands at $11.03.

Ecopetrol SA ADR (NYSE: EC) Key Stats

There are 2,055,840K outstanding shares of the company, which has a market capitalization of 24.05 billion. As of now, sales total 175,572 M while income totals 34,765 M. Its latest quarter income was 7,026 M while its last quarter net income were 1,017 M.