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Friday, December 2, 2022

Momentum Is Strong For Ecopetrol S.A. (NYSE: EC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Ecopetrol S.A. (EC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.51, or +5.30%, to $10.14. Volume reached 24,290 shares, with price reaching a high of $10.24 and a low of $9.73. Earlier, Yahoo Finance discussed this stock as it revealed Ecopetrol made a disbursement of a USD 1.2 billion credit facility for the early prepayment of the loan entered into for the acquisition of ISA.


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Stocks Info

This NYSE-listed company operates within the Oil & Gas Integrated industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $10.24 and fluctuated between $10.26 as its day high and $9.79 as its day low. The current market capitalization of Ecopetrol S.A. is $21.87B. A total of 1.64 million shares were traded on the day, compared to an average of 1.34M shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ecopetrol S.A. pays an annual dividend of $2.26, resulting in a dividend yield of 22.05%, and it has a price to earnings (P/E) ratio of 3.54. EC’s most recent ex-dividend date was 06/28/2022 when it declared a $0.7985018 quarterly dividend that was paid in cash on 07/08/2022. Previously, the company paid the dividend on 04/28/2022 with an ex-dividend date of 04/19/2022. The dividend was $1.459135 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EC in the last 3 months, the mean price target is $62,537.60 with high estimates of $78,098.08 and low estimates of $48,813.60. In terms of 52-week highs and lows, EC has a high of $18.47 and a low of $8.59.

As of this writing, EC has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $1.13 per share and a lower estimate of $1.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EC is Hold with a score of 3.67. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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