Ecopetrol (EC) Stock Forecast & Price Target

$11.58
+0.07 (+0.61%)
(As of 04/22/2024 ET)

Ecopetrol Consensus Analyst Rating 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.

Analysts' Consensus Rating

Reduce
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

$11.27
-2.71% Downside
High Forecast$12.50
Average Forecast$11.27
Low Forecast$8.50
TypeCurrent Forecast
4/24/23 to 4/23/24
1 Month Ago
3/25/23 to 3/24/24
3 Months Ago
1/24/23 to 1/24/24
1 Year Ago
4/24/22 to 4/24/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
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
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$11.27$11.00$12.35$12.00
Predicted Upside-2.71% Downside-6.29% Downside7.38% Upside12.92% Upside
Get Ecopetrol Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for EC and its competitors with MarketBeat's FREE daily newsletter.

EC Analyst Ratings 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Ecopetrol Stock vs. The Competition

TypeEcopetrolOils/Energy CompaniesS&P 500
Consensus Rating Score
1.67
2.55
2.49
Consensus RatingReduceModerate BuyHold
Predicted Upside-2.71% Downside420.97% Upside11.07% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/18/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$10.30 ➝ $11.90+2.76%
3/4/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeEqual Weight ➝ Underweight$11.00 ➝ $8.50-25.18%
2/20/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$12.50 ➝ $12.00+2.74%
9/21/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageUnderperform$11.20-13.18%
9/13/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral$12.50+1.46%
8/23/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral ➝ Neutral$11.50+2.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:12 AM ET.

EC Price Target - Frequently Asked Questions

What is Ecopetrol's consensus rating and price target?

According to the issued ratings of 6 analysts in the last year, the consensus rating for Ecopetrol stock is Reduce based on the current 2 sell ratings and 4 hold ratings for EC. The average twelve-month price prediction for Ecopetrol is $11.27 with a high price target of $12.50 and a low price target of $8.50. Learn more on EC's analyst rating history.

Do Wall Street analysts like Ecopetrol more than its competitors?

Analysts like Ecopetrol less than other Oils/Energy companies. The consensus rating for Ecopetrol is Reduce while the average consensus rating for oils/energy companies is Moderate Buy. Learn more on how EC compares to other companies.

Is Ecopetrol being downgraded by Wall Street analysts?

Over the previous 90 days, Ecopetrol's stock had 1 downgrade by analysts.

Does Ecopetrol's stock price have much downside?

According to analysts, Ecopetrol's stock has a predicted downside of -4.91% based on their 12-month stock forecasts.

What analysts cover Ecopetrol?

Ecopetrol has been rated by JPMorgan Chase & Co., Morgan Stanley, and The Goldman Sachs Group in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:EC) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners