EC Stock Summary and Trading Ideas (Ecopetrol S.A. American Depositary Shares | NYSE:EC)

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol S.A. American Depositary Shares trades on the NYSE stock market under the symbol EC.

As of April 18, 2024, EC stock price declined to $11.34 with 1,281,094 million shares trading.

EC has a beta of 0.28, meaning it tends to be less sensitive to market movements. EC has a correlation of 0.01 to the broad based SPY ETF.

EC has a market cap of $23.31 billion. This is considered a Large Cap stock.

In the last 3 years, EC stock traded as high as $19.81 and as low as $8.59.

The top ETF exchange traded funds that EC belongs to (by Net Assets): VWO, ILF, FTRI, IXC, AVEM.

EC has outperformed the market in the last year with a price return of +32.3% while the SPY ETF gained +22.3%. However, in the short term, EC had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.9% vs +6.1% return in SPY. But in the last 2 weeks, EC shares have fared better than the market returning +0.4% compared to SPY -3.8%.

EC support price is $11.21 and resistance is $11.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EC stock will trade within this expected range on the day.