EC - Watch for Continued Gains in Shares of Ecopetrol S.A. American Depositary Shares (EC)

Shares of Ecopetrol S.A. American Depositary Shares (NYSE:EC) traded at a new 52-week high today of $14.94. This new high was reached on below average trading volume as 283,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Ecopetrol S.A. American Depositary Shares share prices have moved between a 52-week high of $14.94 and a 52-week low of $8.50 and are now trading 73% above that low price at $14.74 per share.

Ecopetrol S.A. American Depositary Shares (NYSE:EC) is currently priced 64.3% above its average consensus analyst price target of $5.26.

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.

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