Recent extremely meaningful negative changes in investment behavior have impacted Ecopetrol SA (NYSE: EC): its longer term price trend turned down, and negative upside/downside volume developed.
Recent significant negative changes in fundamentals have impacted Ecopetrol SA (NYSE: EC): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (High 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 30, triggering the High Neutral Value Trend Rating.
Recent Price Action
Ecopetrol SA (NYSE: EC) stock declined slightly by -0.6% on 7/19/24. The stock closed at $10.81. However, this decline was accompanied by unusually low trading volume at 55% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.5% during the last week.
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