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

Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Refining and Petrochemical segment.

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

As of November 20, 2024, EC stock price climbed to $8.08 with 1,797,102 million shares trading.

EC has a beta of 0.24, 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 $16.61 billion. This is considered a Large Cap stock.

In the last 3 years, EC traded as high as $19.81 and as low as $7.21.

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

EC has underperformed the market in the last year with a return of -8.8%, while the SPY ETF gained +32.5%. In the last 3 month period, EC fell short of the market, returning -22.4%, while SPY returned +5.8%. However, in the most recent 2 weeks EC has outperformed the stock market by returning +6.9%, while SPY returned +2.4%.

EC support price is $7.90 and resistance is $8.20 (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 shares will trade within this expected range on the day.