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EC
Stock ticker: NYSE
AS OF
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Capitalization
23.47B

EC Ecopetrol SA Forecast, Technical & Fundamental Analysis

Engages in the exploration, development and production of crude oil and natural gas

Industry IntegratedOil
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EC with price predictions
08:00 PM EDT Sep 28, 2023

EC in downward trend: price may decline as a result of having broken its higher Bollinger Band on August 29, 2023

EC broke above its upper Bollinger Band on August 29, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 49 similar instances where the stock broke above the upper band. In of the 49 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for EC moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where EC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on September 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EC as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for EC turned negative on September 26, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EC advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 238 cases where EC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.356) is normal, around the industry mean (1.120). P/E Ratio (3.117) is within average values for comparable stocks, (17.027). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.065). Dividend Yield (0.144) settles around the average of (0.103) among similar stocks. P/S Ratio (0.593) is also within normal values, averaging (1.185).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), BP plc (NYSE:BP), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), Suncor Energy (NYSE:SU), YPF Sociedad Anonima (NYSE:YPF).

Industry description

Integrated oil companies are involved across nearly the entire oil value chain – from upstream operations like exploration and production, to downstream functions of refining and marketing. Exxon Mobil Corporation, Chevron Corporation and BP are major integrated oil companies. Their bottom lines’ response to crude oil prices could depend on the proportion of upstream vs. downstream businesses; for example, if a company has substantial downstream business, the adverse impact on their upstream business due to falling crude prices could be mitigated by benefits to its downstream business.

Market Cap

The average market capitalization across the Integrated Oil Industry is 60.13B. The market cap for tickers in the group ranges from 39.76K to 468.73B. XOM holds the highest valuation in this group at 468.73B. The lowest valued company is PGAS at 39.76K.

High and low price notable news

The average weekly price growth across all stocks in the Integrated Oil Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 4%. IMO experienced the highest price growth at 5%, while POGS experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Integrated Oil Industry was 22%. For the same stocks of the Industry, the average monthly volume growth was 52% and the average quarterly volume growth was 16%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 54
Price Growth Rating: 49
SMR Rating: 44
Profit Risk Rating: 75
Seasonality Score: 17 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

EC is expected to report earnings to rise 3.46% to $2,056.44 per share on October 31

Ecopetrol SA EC Stock Earnings Reports
Q3'23
Est.
$2056.44
Q2'23
Beat
by $69.12
Q1'23
Beat
by $407.68
Q4'22
Missed
by $56.97
Q3'22
Beat
by $0.04
The last earnings report on August 09 showed earnings per share of $1,987.73, beating the estimate of $1,918.61. With 3.50M shares outstanding, the current market capitalization sits at 23.47B.
A.I.Advisor
published Dividends

EC is expected to pay dividends on October 05, 2023

Ecopetrol SA EC Stock Dividends
A dividend of $0.83 per share will be paid with a record date of October 05, 2023, and an ex-dividend date of September 26, 2023. The last dividend of $1.66 was paid on May 04. Read more...
A.I. Advisor
published General Information

General Information

Engages in the exploration, development and production of crude oil and natural gas

Industry IntegratedOil

Profile
Fundamentals
Details
Industry
Integrated Oil
Address
Carrera 13 No. 36 - 24
Phone
+57 3103158600
Employees
18903
Web
https://www.ecopetrol.com.co
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EC and

Correlation & Price change

A.I.dvisor indicates that over the last year, EC has been closely correlated with CVX. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if EC jumps, then CVX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EC
1D Price
Change %
EC100%
-0.26%
CVX - EC
68%
Closely correlated
-1.15%
SU - EC
67%
Closely correlated
-2.39%
IMO - EC
67%
Closely correlated
-1.04%
CVE - EC
66%
Closely correlated
-1.37%
BP - EC
65%
Loosely correlated
-1.80%
More

Groups containing EC

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EC
1D Price
Change %
EC100%
-0.26%
Integrated Oil
(undefined stocks)
76%
Closely correlated
-0.77%
EC
(undefined stocks)
74%
Closely correlated
-2.46%
gas exploration
(undefined stocks)
74%
Closely correlated
-2.73%
crude oil
(undefined stocks)
73%
Closely correlated
-3.11%
office
(undefined stocks)
72%
Closely correlated
-2.97%
More