Ecopetrol SA ADR (EC) is gearing up for another turning point as it hit the volume of 1.98 million

On Monday, Ecopetrol SA ADR (NYSE: EC) opened higher 0.13% from the last session, before settling in for the closing price of $7.60. Price fluctuations for EC have ranged from $7.59 to $12.78 over the past 52 weeks.

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During the last 5-year period, the sales growth of Energy Sector giant was 10.43%. Company’s average yearly earnings per share was noted -15.91% at the time writing. With a float of $2.06 billion, this company’s outstanding shares have now reached $2.06 billion.

In terms of profitability, gross margin is 34.92%, operating margin of 27.29%, and the pretax margin is 23.44%.

Ecopetrol SA ADR (EC) Insider Activity

A key investor’s attitude towards the stock of the Oil & Gas Integrated industry is another important factor to consider. The insider ownership of Ecopetrol SA ADR is 0.00%, while institutional ownership is 1.39%.

Ecopetrol SA ADR (EC) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.61 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.51) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -15.91% per share during the next fiscal year.

Ecopetrol SA ADR (NYSE: EC) Trading Performance Indicators

Check out the current performance indicators for Ecopetrol SA ADR (EC). In the past quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.48. Likewise, its price to free cash flow for the trailing twelve months is 2.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.03, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.68 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 2.58 million, which is a jump from its year-to-date volume of 2.04 million. As of the previous 9 days, the stock’s Stochastic %D was 5.50%. Additionally, its Average True Range was 0.21.

During the past 100 days, Ecopetrol SA ADR’s (EC) raw stochastic average was set at 0.39%, which indicates a significant decrease from 2.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.82% in the past 14 days, which was lower than the 33.35% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.83, while its 200-day Moving Average is $10.77. However, in the short run, Ecopetrol SA ADR’s stock first resistance to watch stands at $7.72. Second resistance stands at $7.82. The third major resistance level sits at $7.88. If the price goes on to break the first support level at $7.55, it is likely to go to the next support level at $7.49. Should the price break the second support level, the third support level stands at $7.39.

Ecopetrol SA ADR (NYSE: EC) Key Stats

There are currently 2,055,835K shares outstanding in the company with a market cap of 15.64 billion. Presently, the company’s annual sales total 171,828 M according to its annual income of 25,273 M. Last quarter, the company’s sales amounted to 9,788 M and its income totaled 1,013 M.