Buscador
Behavior of the Stock and ADR
Apr 13, 2021

Evolution of the share in Colombia

The Colombian Stock Exchange (BVC) had a devaluation during 2020, in line with the lower price of crude oil. Brent decreased 22% during the past year, going from levels of USD 66 / bbl at the beginning of 2020 to USD 52 / bb at the end of the year, while the COLCAP index – the main reference of BVC – had a 14% devaluation during 2020.

Ecopetrol’s share price closed the year at $ 2,245, with a 32% devaluation. The share reached a 2020 high of $ 3,460 on February 19, and a low of $ 1,380 on March 18.

  

Behavior of Ecopetrol’s share at BVC (figures in pesos) 

Description 

Value 

Price January 1, 2020 

3,315 

Price December 31, 2020 

2,245 

Average price 

2,291 

Minimal price 

1,380 

Maximum price 

3,460 

Ecopetrol valuation 

-32% 

COLCAP valuation 

-14% 

Source: Ecopetrol, Corporate Vice Presidency of Finance 

 

Graphic. Ecopetrol share price in BVC (Colombian Pesos)

https://www.ecopetrol.com.co/wps/wcm/connect/f38a1f5c-893e-4cea-b671-5c234bf8be82/1/img.png?MOD=AJPERES

Source: Ecopetrol, Corporate Vice Presidency of Finance

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Evolution of ADR on the New York Stock Exchange

Ecopetrol’s ADR (American Depository Receipts) closed 2020 with a price of USD $ 12.91, which is equivalent to a 35% devaluation as compared to the end of 2019. This behavior was in line with the performance of O&G companies during the year 2020.

The ADR reached a maximum of USD $ 20.95 on January 13 and a minimum of USD $ 6.68 on March 18 (table and graph)..

Table. Behavior of Ecopetrol’s ADR on the NYSE

Description

Value

Price January 1, 2020

19.96

Price December 31, 2020

12.91

Average price

12.56

Minimal price

6.68

Maximum price

20.95

ADR valuation

-35%

S & P500 Oil & Gas Valuation

-37%

Source: Ecopetrol, Corporate Vice Presidency of Finance

 

Ecopetrol ADR price on the NYSE (Dollars)

https://www.ecopetrol.com.co/wps/wcm/connect/f38a1f5c-893e-4cea-b671-5c234bf8be82/2/img.png?MOD=AJPERES

Source: Ecopetrol, Corporate Vice Presidency of Finance

 

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