Ecopetrol S.A. (EC) : During the past 4 weeks, traders have been relatively bearish on Ecopetrol S.A. (EC), hence the stock is down -8.29% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.01% relative to the S&P 500. The 4-week change in the price of the stock is -10.15% and the stock has fallen -10.54% in the past 1 week.
The stock has recorded a 20-day Moving Average of 8.01% and the 50-Day Moving Average is 6.47%.The 200 Day SMA reached 0.49% Ecopetrol SA has dropped 12.51% during the last 3-month period . Year-to-Date the stock performance stands at 18.69%.
Ecopetrol S.A. (EC) : The highest level Ecopetrol S.A. (EC) is projected to reach is $10 for the short term and the lowest estimate is at $8. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $8.83 and the possibility the share price can swing is $0.76.
The shares have received a consensus rating of Sell for the current week Ecopetrol S.A. (NYSE:EC): stock was range-bound between the intraday low of $8.29 and the intraday high of $8.44 after having opened at $8.44 on Fridays session. The stock finally closed in the red at $8.44, a loss of -3.14%. The stock remained in the red for the whole trading day. The total traded volume was 1,213,005 shares. The stock failed to cross $8.44 in Fridays trading. The stocks closing price on Thursday was $8.32.
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.