Ecopetrol S.A. (NYSE:EC) has a beta value of 1.76 and has seen 0.59 million shares traded in the last trading session. The company, currently valued at $29.22B, closed the last trade at $13.83 per share which meant it lost -$0.24 on the day or -1.71% during that session. The EC stock price is -10.99% off its 52-week high price of $15.35 and 38.54% above the 52-week low of $8.50. The 3-month trading volume is 910.98K shares.
The consensus among analysts is that Ecopetrol S.A. (EC) is an Overweight stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.48.
Ecopetrol S.A. (NYSE:EC) trade information
Sporting -1.71% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the EC stock price touched $13.83 or saw a rise of 2.26%. Year-to-date, Ecopetrol S.A. shares have moved 7.13%, while the 5-day performance has seen it change -0.79%. Over the past 30 days, the shares of Ecopetrol S.A. (NYSE:EC) have changed 7.29%.
Wall Street analysts have a consensus price target for the stock at $57423.85, which means that the shares’ value could jump 99.98% from current levels. The projected low price target is $47300.00 while the price target rests at a high of $68553.28. In that case, then, we find that the current price level is -495585.32% off the targeted high while a plunge would see the stock gain -341910.12% from current levels.
Ecopetrol S.A. (EC) estimates and forecasts
The company’s shares have gained 6.14% over the past 6 months, with this year growth rate of 578.57%. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -15.80% and 454.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 56.90%.
3 analysts offering their estimates for the company have set an average revenue estimate of $5.27 billion for the current quarter. 1 have an estimated revenue figure of $5.81 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $2.2 billion and $3.31 billion respectively for this quarter and the next, and analysts expect sales will grow by 139.20% for the current quarter and 75.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.40% over the past 5 years. Earnings growth for 2021 is a modest -87.30% while over the next 5 years, the company’s earnings are expected to decrease by -13.00%.
Ecopetrol S.A. is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.09 at a share yield of 0.65%. The company’s dividend yield has gone up over the past 12 months.
Ecopetrol S.A. (NYSE:EC)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 1.70% with a share float percentage of 1.70%. Investors are also buoyed by the number of investors in a company, with Ecopetrol S.A. having a total of 185 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 4.0 million shares worth more than $58.47 million. As of Jun 29, 2021, Renaissance Technologies, LLC held 0.19% of shares outstanding.
The other major institutional holder is Barrow, Hanley Mewhinney & Strauss, LLC, with the holding of over 3.29 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $48.07 million and represent 0.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Principal Overseas Fund and Vanguard International Stock Index-Emerging Markets Stk. As of Apr 29, 2021, the former fund manager holds about 0.11% shares in the company for having 2.22 million shares of worth $26.3 million while later fund manager owns 0.96 million shares of worth $11.39 million as of Apr 29, 2021, which makes it owner of about 0.05% of company’s outstanding stock.