Ecopetrol (EC) Stock Forecast & Price Target

$7.92 +0.19 (+2.46%)

(As of 11/15/2024 ET)

Ecopetrol - Analysts' Recommendations and Stock Price Forecast (2024)

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
7.32% 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 7.32% from the current price of $7.92.

EC Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
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)	3 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$8.50	$8.83	$11.27	$12.35
Forecasted Upside	7.32% Upside	7.33% Upside	8.23% Upside	0.65% 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	2.62	2.50
Consensus Rating	Strong Sell	Moderate Buy	Moderate Buy
Predicted Upside	7.32% Upside	1,252.79% Upside	9.87% Upside
News Sentiment Rating	Neutral 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 4 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 08:51 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 Monday, November 4, 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.:

Ecopetrol S.A. has a current stock price of $8.74, which may present a buying opportunity for investors looking for undervalued stocks.
Recent analyst ratings indicate a potential upside in the stock price, with some analysts suggesting a neutral or hold rating, which could signal stability in the near term.
The company operates in multiple segments including exploration and production, refining, and electric power transmission, providing diversification in revenue streams.
Ecopetrol S.A. has a market cap of $17.97 billion, indicating a significant presence in the industry and potential for growth.
With operations in various regions globally, Ecopetrol S.A. has a diversified geographic footprint that may help mitigate risks associated with regional economic fluctuations.

Ecopetrol
Bear Case

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

Recent price performance shows a decline in the stock price, which could indicate potential challenges or market sentiment against the company.
Analyst downgrades, such as the shift from neutral to underweight ratings, may suggest concerns about the company's future performance or outlook.
The industry of crude petroleum and natural gas can be volatile, subject to fluctuations in commodity prices and geopolitical factors, impacting Ecopetrol S.A.'s profitability.
Investors should consider the company's debt levels and financial leverage, as high debt can pose risks during economic downturns or periods of high interest rates.
Regulatory changes in the energy sector, environmental policies, or geopolitical tensions could impact Ecopetrol S.A.'s operations and profitability, requiring careful monitoring by investors.

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 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 research analysts is that investors should "strong sell" EC shares.
: According to analysts, Ecopetrol's stock has a predicted upside of 7.32% 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 11/17/2024 by MarketBeat.com Staff

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Ecopetrol (EC) Stock Forecast & Price Target