Ecopetrol S.A. (EC) has risen sharply, recording gains of 5.61% in the past 4 weeks. However, the stock has corrected -2.48% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 5.44% and the fifty day Moving Average is 0.16%. Ecopetrol SA has dropped 0.88% during the last three month period . Year-to-Date the stock performance stands at 28.82%.
Ecopetrol S.A. (EC) : The highest short term price target forecast on Ecopetrol S.A. (EC) is $10 and the lowest target price is $8. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $8.83 with a standard deviation of $0.76.
Ecopetrol S.A. (NYSE:EC): On Fridays trading session , Opening price of the stock was $9.22 with an intraday high of $9.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9. However, the stock managed to close at $9.03, a loss of 1.31% for the day. On the previous day, the stock had closed at $9.15. The total traded volume of the day was 890,061 shares.
Ecopetrol S.A. is an oil company. The Companys business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad. It conducts exploration and production activities through some of its subsidiaries and through joint ventures with third parties. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. It conducts these activities through its wholly owned subsidiary Cenit and Cenits subsidiaries. Its key refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a wholly owned subsidiary of it. It has presence in Colombia, Peru, Brazil, Angola and the United States Gulf Coast.