AI Trading NYSE Thu, 14 Dec

Dear Reader,

EC (Ecopetrol SA ADR) is an asset that has shown potential for a high return if traded with an AI strategy. Over the period of 2021-03-15 to 2023-04-24, the trades made an average return of 18.19%, with a total of 9.0 positions taken. The return of the asset over this period was 163.73%. The analyst consensus price target for EC is 14.65, making it a STRONGBUY with a buy price target of 12.41. The model used to predict the upward trend of EC has an overall accuracy of 0.65.

Ecopetrol SA ADR (EC) is an integrated oil and gas company headquartered in Bogot, Colombia. EC is listed on the New York Stock Exchange (NYSE) and its stock symbol is EC. As of December 13, 2023, the company’s current share price is 12.41.

Company Overview and Markets

Ecopetrol SA is engaged in the exploration, development, production, and commercialization of crude oil and natural gas. It also manufactures and markets a range of petrochemical products, including liquid fuels, lubricants, and additives. The company operates in Colombia, Peru, Brazil, the United States, and other countries in the Americas.

Historic Company Performance

Ecopetrol SA has seen impressive growth in recent years. The company’s revenue has increased steadily from $9.14 billion in 2018 to $11.18 billion in 2020. Earnings per share (EPS) have also grown, from $2.43 in 2018 to $3.04 in 2020. The company’s return on assets (ROA) and return on equity (ROE) have both increased over the same period, from 0.107 and 0.269 in 2018 to 0.144 and 0.345 in 2020, respectively.

Share Price Performance

EC’s share price has also seen impressive growth over the past few years. The stock has risen from 8.59 in December 2019 to 12.41 in December 2023, a 45.4% increase. The stock’s 50-day and 200-day moving averages have also increased over the same period, from 7.87 and 8.78 to 10.46 and 11.28, respectively.

Conclusion

Ecopetrol SA ADR’s (EC) share price has seen impressive growth over the past few years, driven by the company’s increasing revenue and earnings. With a current share price of 12.41, the stock remains a compelling investment opportunity.

Symbol: EC
AssetType: Common Stock
Name: Ecopetrol SA ADR
Description: Ecopetrol SA is an integrated oil and gas company. The company is headquartered in Bogot, Colombia.
CIK: 1444406
Exchange: NYSE
Currency: USD
Country: USA
Sector: ENERGY & TRANSPORTATION
Industry: CRUDE PETROLEUM & NATURAL GAS
Address: CARRERA 7 NO 37-69, BOGOTA, COLOMBIA
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 22511337000
EBITDA: None
PERatio: 3.602
PEGRatio: 0.3
BookValue: 8.82
DividendPerShare: 0
DividendYield: 0.136
EPS: 3.04
RevenuePerShareTTM: 0
ProfitMargin: 0.199
OperatingMarginTTM: 0
ReturnOnAssetsTTM: 0.144
ReturnOnEquityTTM: 0.345
RevenueTTM: 0
GrossProfitTTM: 37203139000000
DilutedEPSTTM: 3.04
QuarterlyEarningsGrowthYOY: 1.269
QuarterlyRevenueGrowthYOY: 0.858
AnalystTargetPrice: 14.65
TrailingPE: 3.602
ForwardPE: 3.9
PriceToSalesRatioTTM: 0.605
PriceToBookRatio: 1.121
EVToRevenue: 0.0003
EVToEBITDA: 0.0005
Beta: 0.821
52WeekHigh: 16.95
52WeekLow: 8.59
50DayMovingAverage: 10.46
200DayMovingAverage: 11.28
SharesOutstanding: 2055830000
DividendDate: 2022-07-08
ExDividendDate: 2022-04-19

Date Symbol Prediction Model Accuracy Price Target Analyst Target
2023-12-13 EC STRONGBUY 0.65 12.41 14.65

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The Third Perspective Team