Ecopetrol SA (NYSE: EC) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent meaningful 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 B. 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 B (Positive). 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 94 but a slightly negative Power Rating of 31, and the Positive Value Trend Rating results.
Recent Price Action
Ecopetrol SA (NYSE: EC) stock declined by -2.3% on 9/10/24. The shares closed at $8.83. Moreover, exceptionally high trading volume at 219% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -10.3% during the last week.
Be the first to comment