Ecopetrol Price Target & Analyst Ratings (NYSE:EC)

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

6 Wall Street analysts have issued ratings and price targets for Ecopetrol in the last 12 months. Their average twelve-month price target is $20.10, suggesting that the stock has a possible upside of 14.86%. The high price target for EC is $20.50 and the low price target for EC is $19.80. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."

Ecopetrol (NYSE:EC) Consensus Price Target History

Ecopetrol (NYSE:EC) Analyst Ratings History

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
9/30/2019	Citigroup	Set Price Target	Buy	$19.80	High
9/12/2019	HSBC	Upgrade	Hold ➝ Buy	$21.00 ➝ $20.50	Medium
4/5/2019	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$20.00	Low
3/6/2019	Santander	Upgrade	Underperform ➝ Hold		Low
12/12/2018	UBS Group	Upgrade	Sell ➝ Neutral		Medium
10/22/2018	Raymond James	Upgrade	Underperform ➝ Market Perform		Low

(Data available from 10/13/2017 forward)