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Behavior of the Stock and ADR

May 19, 2022

Evolution of the share in Colombia

The Colombian Stock Exchange (BVC) showed an appreciation during 2021, in line with the better performance of the international crude oil prices. Brent increased 50% during the past year, going from levels of USD 52/bbl at the beginning of 2021 to USD 78/bbl at the end of the year, nevertheless, the COLCAP index, the main reference of BVC, had a 2% devaluation during 2021. 

Ecopetrol’s share price closed the year at $2,690, with a 20% valuation. The share reached a 2021 high of $2,960 on October 15 and a low of $ 2,030, on January 29 

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

Description 

Value 

Price January 1, de 2021 

2,245 

Price December 31, de 2021 

2,690 

Average price 

2,513 

Minimum price 

2,030 

Maximum price 

2,960 

Ecopetrol valuation 

20% 

COLCAP valuation 

-2% 

Source: Ecopetrol, Corporate Vice Presidency of Finance 
 

Graphic. Ecopetrol share price in BVC (Colombian Pesos)

Source: Ecopetrol, Corporate Vice Presidency of Finance

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Evolution of ADR on the New York Stock Exchange

Ecopetrol’s ADR (American Depository Receipts) closed 2021 with a price of USD 12,89. Although O&G companies registered a good performance during 2021, the ADR showed a devaluation of -0.15% 

The ADR reached a maximum of USD 15,69 on October 15 and a minimum of USD 11,38 on January 29  

 

Table. Behavior of Ecopetrol’s ADR on the NYSE

Description 

Value 

Price January 1 de 2021 

12.91 

Price December 31 de 2021 

12.89 

Average price 

13.39 

Minimum price 

11.38 

Maximum price 

15.69 

ADR valuation 

0% 

S&P P500 Oil & Gas Valuation 

81% 

Source: Ecopetrol, Corporate Vice Presidency of Finance
 

Ecopetrol ADR price on the NYSE (Dollars)

Source: Ecopetrol, Corporate Vice Presidency of Finance

 

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