Ecopetrol SA (NYSE: EC) stock closed at $11.17 on 6/25/24 after a major decline of -11.8%. Moreover, trading volume in this decline was exceptionally high at 341% of normal. The stock has declined -4.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, EC is expected to continue to be a major Value Builder.
Ecopetrol has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ecopetrol has a very high Appreciation Score of 90 but a poor Power Rating of 19, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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