Ecopetrol (EC) Stock Slides as Market Rises: Facts to Know Before You Trade

The oil and natural gas exploration company's stock has dropped by 9.19% in the past month, falling short of the Oils-Energy sector's loss of 1.6% and the S&P 500's gain of 3.38%. Investors might also notice recent changes to analyst estimates for Ecopetrol. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Investors should also note Ecopetrol's current valuation met ...