Ecopetrol (EC) Stock Forecast & Price Target

$7.64 +0.02 (+0.26%)

(As of 12/20/2024 05:40 PM ET)

Ecopetrol - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Sell

Based on 4 Analyst Ratings

Sell
3

Hold
1

Buy
0

Based on 4 Wall Street analysts who have issued ratings for Ecopetrol in the last 12 months, the stock has a consensus rating of "Strong Sell." Out of the 4 analysts, 3 have given a sell rating, and 1 has given a hold rating for EC.

Consensus Price Target

$8.50
11.26% Upside

According to the 4 analysts' twelve-month price targets for Ecopetrol, the average price target is $8.50. The highest price target for EC is $9.50, while the lowest price target for EC is $7.50. The average price target represents a forecasted upside of 11.26% from the current price of $7.64.

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EC Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$8.50	$8.50	$10.80	$12.35
Forecasted Upside	11.26% Upside	2.10% Upside	16.76% Upside	3.43% Upside
Consensus Rating	Strong Sell	Strong Sell	Reduce	Reduce

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EC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ecopetrol Stock vs. The Competition

Type	Ecopetrol	Oils/Energy Companies	S&P 500
Consensus Rating Score	1.25	2.63	2.51
Consensus Rating	Strong Sell	Moderate Buy	Moderate Buy
Predicted Upside	11.26% Upside	1,671.86% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent EC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	JPMorgan Chase & Co. 3 of 5 stars	Lower Target	Underweight ➝ Underweight	$8.50 ➝ $7.50	-4.94%
9/24/2024	The Goldman Sachs Group 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$11.00 ➝ $9.50	+1.28%
5/30/2024	Bank of America 3 of 5 stars	Downgrade	Neutral ➝ Underperform
3/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$11.00 ➝ $8.50	-25.18%
9/21/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$11.20	-13.18%
9/13/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$12.50	+1.46%
2/10/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$12.50 ➝ $12.00	+14.29%
2/9/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$13.00	+19.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:17 AM ET.

Should I Buy Ecopetrol Stock? EC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Ecopetrol pros and cons to contact@marketbeat.com.

Ecopetrol
Bull Case

Here are some ways that investors could benefit from investing in Ecopetrol S.A.:

The stock recently traded at $8.21, showing a 4.4% increase, indicating positive market sentiment and potential for further growth.
Institutional interest is rising, with Verition Fund Management LLC acquiring a stake valued at approximately $1,061,000, suggesting confidence in the company's future performance.
Analysts have recently upgraded their ratings, with StockNews.com moving Ecopetrol from a "hold" to a "buy" rating, reflecting improved outlook and potential for price appreciation.
The company has a strong market capitalization of $16.79 billion, which can provide stability and resources for growth initiatives.
Ecopetrol S.A. operates as an integrated energy company, which can offer diversified revenue streams and reduce risk compared to companies focused on a single segment.

Ecopetrol
Bear Case

Investors should be bearish about investing in Ecopetrol S.A. for these reasons:

Recent analyst downgrades have set lower price targets, with JPMorgan Chase reducing their target from $8.50 to $7.50, indicating potential challenges ahead.
Three analysts have rated the stock with a sell rating, which may suggest a lack of confidence in the company's short-term performance.
The stock has a price-to-earnings ratio of 3.60, which, while low, may indicate that the market has concerns about the company's profitability compared to its peers.
Trading volume has shown fluctuations, with a recent decline of 35% from the previous session, which could indicate reduced investor interest or confidence.
The company has a debt-to-equity ratio of 1.00, suggesting that it is using a significant amount of debt to finance its operations, which can increase financial risk, especially in volatile markets.

EC Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Ecopetrol is $8.50, with a high forecast of $9.50 and a low forecast of $7.50.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last year. There are currently 3 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" EC shares.
: According to analysts, Ecopetrol's stock has a predicted upside of 11.26% based on their 12-month stock forecasts.
: Over the previous 90 days, Ecopetrol's stock had 1 downgrade by analysts.
: Ecopetrol has been rated by research analysts at JPMorgan Chase & Co., and The Goldman Sachs Group in the past 90 days.
: Analysts like Ecopetrol less than other "oils/energy" companies. The consensus rating for Ecopetrol is Strong Sell while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how EC compares to other companies.

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This page (NYSE:EC) was last updated on 12/22/2024 by MarketBeat.com Staff

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Ecopetrol (EC) Stock Forecast & Price Target