Ecopetrol S.A. Stock Bearish Momentum With A 9% Fall So Far On Tuesday

(VIANEWS) – Shares of Ecopetrol S.A. (NYSE: EC) fell 9.06% to $9.81 at 14:22 EST on Tuesday, after two successive sessions in a row of gains. NYSE is sliding 1.47% to $15,376.90, following the last session’s upward trend. This seems, at the moment, an all-around bearish trend exchanging session today.

Ecopetrol S.A.’s last close was $11.61, 41.39% below its 52-week high of $19.81.

About Ecopetrol S.A.

Ecopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2022, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is headquartered in Bogotá, Colombia.

Earnings Per Share

As for profitability, Ecopetrol S.A. has a trailing twelve months EPS of $3.4.

PE Ratio

Ecopetrol S.A. has a trailing twelve months price to earnings ratio of 2.88. Meaning, the purchaser of the share is investing $2.88 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 34.43%.

Volume

Today’s last reported volume for Ecopetrol S.A. is 5538384 which is 147.81% above its average volume of 2234900.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ecopetrol S.A.’s stock is considered to be overbought (>=80).

Yearly Top and Bottom Value

Ecopetrol S.A.’s stock is valued at $9.81 at 14:22 EST, way under its 52-week high of $19.81 and way above its 52-week low of $8.59.

More news about Ecopetrol S.A. (EC).

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