Ecopetrol (EC) Stock Forecast & Price Target

Q: What analysts cover Ecopetrol?

Ecopetrol has been rated by research analysts at UBS Group , Weiss Ratings , and Zacks Research in the past 90 days.

$16.58 +0.32 (+1.94%)

Closing price 03:59 PM Eastern

Extended Trading

$16.48 -0.11 (-0.66%)

As of 07:30 PM Eastern

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Ecopetrol - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce

Based on 8 Analyst Ratings

Sell
1

Hold
7

Buy
0

Based on 8 Wall Street analysts who have issued ratings for Ecopetrol in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 1 has given a sell rating, and 7 have given a hold rating for EC.

Consensus Price Target

$13.54
-18.36% Downside

According to the 8 analysts' twelve-month price targets for Ecopetrol, the average price target is $13.54. The highest price target for EC is $18.00, while the lowest price target for EC is $8.70. The average price target represents a forecasted downside of -18.36% from the current price of $16.59.

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.

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EC Analyst Ratings Over Time

Type	Current Forecast 10/2/25 to 10/2/26	1 Month Ago 9/2/25 to 9/2/26	3 Months Ago 7/4/25 to 7/4/26	1 Year Ago 10/2/24 to 10/2/25
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)	1 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$13.54	$13.54	$13.14	$11.75
Forecasted Upside	-18.36% Downside	-22.60% Downside	-10.49% Downside	29.48% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

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	Energy Companies	Broader Market
Consensus Rating Score	1.88	2.44	2.53
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-18.36% Downside	45.75% Upside	21.58% Upside
News Sentiment Rating	Neutral News See Recent EC News	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Weiss Ratings 3 of 5 stars		Upgrade	Hold (C) ➝ Hold (C+)
9/4/2026	Zacks Research 4 of 5 stars		Upgrade	Strong Sell ➝ Hold
8/14/2026	UBS Group 4 of 5 stars	Tasso Vasconcellos Not Rated	Boost Target	Neutral	$14.00 ➝ $16.00	-8.47%
6/3/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andres Cardona Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$14.00 ➝ $18.00	+15.17%
6/1/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rodolfo Angele Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$11.00 ➝ $13.00	-19.12%
3/12/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
2/4/2026	Bradesco Corretora Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Underperform	$12.00	+1.05%
12/1/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$8.70	-11.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:49 PM 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 Friday, October 2, 2026. 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 is currently trading at $16.59, which is significantly above the average twelve-month price objective of $13.54 set by brokerages, suggesting that the market may be pricing in stronger performance than the consensus view.
Ecopetrol S.A. offers a dividend yield of 3.94%, providing a steady income stream for investors, which is a key benefit for those seeking regular cash flow from their energy sector holdings.
The company reported a net margin of 11.46% and a return on equity of 18.16% in its most recent quarterly results, indicating strong profitability and efficient use of shareholder capital.
Recent institutional activity shows positive momentum, with several hedge funds and investment firms increasing their positions in the second quarter, such as Confluence Investment Management LLC raising its stake by 15.1% and Parallel Advisors LLC boosting its position by 34.8%.
The stock has demonstrated strong price performance, reaching a 52-week high of $18.38 and crossing above its 200-day moving average multiple times in 2026, which signals a bullish trend and potential for continued growth.

Ecopetrol
Bear Case

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

The stock carries an average analyst rating of "Reduce," with seven out of eight analysts issuing a hold rating and one issuing a sell rating, reflecting a cautious outlook from the sell-side.
Ecopetrol S.A. has a debt-to-equity ratio of 0.93, indicating a significant level of leverage that could pose financial risks if interest rates rise or cash flows decline.
The company is facing regulatory and legal scrutiny, including an audit investigating 32 macrocases and contracts worth over $10 billion, as well as a request for a criminal probe into a gas import deal, which could lead to potential liabilities or reputational damage.
Recent management changes, including the termination of the Corporate Vice President of Legal Affairs and the appointment of new senior leadership, may introduce uncertainty and disrupt operational continuity during a critical period.
The stock's beta of 0.46 suggests lower volatility than the broader market, but this also means it may underperform in strong bull markets, limiting upside potential for growth-oriented investors.

EC Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Ecopetrol is $13.54, with a high forecast of $18.00 and a low forecast of $8.70.

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ecopetrol in the last year. There is currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" EC shares.

According to analysts, Ecopetrol's stock has a predicted downside of -18.36% based on their 12-month stock forecasts.

Over the previous 90 days, Ecopetrol's stock had 2 upgrades and 1 downgrade by analysts.

Ecopetrol has been rated by research analysts at UBS Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Ecopetrol less than other "energy" companies. The consensus rating for Ecopetrol is Reduce while the average consensus rating for "energy" companies is Hold. Learn more on how EC compares to other companies.

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Brokerages With Ecopetrol Recommendations

MarketBeat monitors more than a dozen sources for Ecopetrol analyst ratings, with the most recent rating issued on 9/24/2026.

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Ecopetrol (EC) Stock Forecast & Price Target