· Earnings watch · EC
Ecopetrol SA ADR (EC) approaches earnings with only modest confirmation
An active trend contrasts with lighter participation before the Colombian integrated oil producer’s June 17 report.
Ecopetrol SA ADR (EC) is on the earnings calendar for June 17, with weekly market data showing the ADR last closed at 16.58 USD ahead of results for the fiscal period ended March 31.
The recent tape is constructive but mixed. The ADR has gained 26.7% over four weeks and 17.2% over twelve weeks, while Relative Strength sits at 40.9 and Market Dynamics at 0.23 indicates only modest confirmation.