Ecopetrol (EC) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

EC Stock Forecast

Ecopetrol stock forecast is as follows: an average price target of $8.50 (represents a -5.97% downside from EC’s last price of $9.04) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.

EC Price Target

The average price target for Ecopetrol (EC) is $8.50 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $10.20 to $6.80. This represents a potential -5.97% downside from EC's last price of $9.04.

EC Analyst Ratings

Buy

According to 1 Wall Street analysts, Ecopetrol's rating consensus is 'Buy'. The analyst rating breakdown for EC stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Ecopetrol Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Dec 02, 2024	Alejandro Demichelis	Jefferies	$6.80	$8.03	-15.32%	-24.78%
Aug 28, 2024	Rodrigo Reis de Almeida	Banco Santander	$10.20	$10.09	1.09%	12.83%
Apr 30, 2024	Daniel Guardiola	BTG Pactual	$12.50	$11.74	6.47%	38.27%

The latest Ecopetrol stock forecast, released on Dec 02, 2024 by Alejandro Demichelis from Jefferies, set a price target of $6.80, which represents a -15.32% decrease from the stock price at the time of the forecast ($8.03), and a -24.78% decrease from EC last price ($9.04).

Ecopetrol Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	3
Avg Price Target	-	$6.80	$9.83
Last Closing Price	$9.04	$9.04	$9.04
Upside/Downside	-100.00%	-24.78%	8.74%

In the current month, the average price target of Ecopetrol stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ecopetrol's last price of $9.04. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Dec 02, 2024	Jefferies	Underperform	Underperform	Hold
Aug 28, 2024	Santander		Underperform	Downgrade
Sep 13, 2023	Citigroup		Buy	Initialise

Ecopetrol's last stock rating was published by Jefferies on Dec 02, 2024. The company gave EC a "Underperform" rating, the same as its previous rate.

Ecopetrol Financial Forecast

Ecopetrol Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Mar 17
Revenue	-	-	-	-	-	-	-	-	-	-	-	$38.85T	$39.68T	$43.54T	$43.88T	$32.47T	$31.76T	$23.33T	$19.44T	$17.21T	$14.39T	$12.32T	$8.44T	$15.07T	$19.22T	$18.01T	$18.31T	$15.94T	$16.99T	$13.37T
Avg Forecast	$47.76T	$35.09T	$35.76T	$35.75T	$32.63T	$32.80T	$33.47T	$32.89T	$35.56T	$34.51T	$35.53T	$37.65T	$44.56T	$44.21T	$40.27T	$33.54T	$26.27T	$22.00T	$20.25T	$16.94T	$12.87T	$11.19T	$8.76T	$15.04T	$17.83T	$17.87T	$17.69T	$16.10T	$101.86B	$172.91B
High Forecast	$47.76T	$35.09T	$35.76T	$35.75T	$32.83T	$32.80T	$33.47T	$32.89T	$35.72T	$34.51T	$35.53T	$37.65T	$46.42T	$44.21T	$40.27T	$33.54T	$26.27T	$22.00T	$20.25T	$16.94T	$12.87T	$11.19T	$8.76T	$15.04T	$17.83T	$17.87T	$17.69T	$16.10T	$122.24B	$207.49B
Low Forecast	$47.76T	$35.09T	$35.76T	$35.75T	$32.39T	$32.80T	$33.47T	$32.89T	$35.40T	$34.51T	$35.53T	$37.65T	$43.13T	$44.21T	$40.27T	$33.54T	$26.27T	$22.00T	$20.25T	$16.94T	$12.87T	$11.19T	$8.76T	$15.04T	$17.83T	$17.87T	$17.69T	$16.10T	$81.49B	$138.33B
# Analysts	1	1	1	1	4	2	2	2	3	1	1	1	1	1	1	1	1	1	1	9	13	8	8	9	12	7	7	8	16	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.03%	0.89%	0.98%	1.09%	0.97%	1.21%	1.06%	0.96%	1.02%	1.12%	1.10%	0.96%	1.00%	1.08%	1.01%	1.03%	0.99%	166.76%	77.33%

Ecopetrol's average Quarter revenue forecast for Jun 23 based on 1 analysts is $35.53T, with a low forecast of $35.53T, and a high forecast of $35.53T. EC's average Quarter revenue forecast represents a -8.56% decrease compared to the company's last Quarter revenue of $38.85T (Mar 23).

Ecopetrol EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Mar 17
# Analysts	1	1	1	1	4	2	2	2	3	1	1	1	1	1	1	1	1	1	1	9	13	8	8	9	12	7	7	8	16	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$16.64T	$15.06T	$21.68T	$21.65T	$15.20T	$12.04T	$8.69T	$7.89T	$7.72T	$5.64T	$4.30T	$2.88T	$4.32T	$7.80T	$7.36T	$7.81T	$6.73T	$8.04T	$4.72T
Avg Forecast	$19.80T	$14.55T	$14.82T	$14.82T	$13.53T	$13.60T	$13.88T	$13.64T	$14.74T	$14.31T	$14.73T	$15.61T	$19.08T	$17.10T	$15.57T	$12.97T	$10.16T	$8.51T	$7.83T	$6.55T	$4.98T	$4.33T	$3.39T	$5.82T	$6.89T	$6.91T	$6.84T	$6.23T	$39.39B	$66.87B
High Forecast	$19.80T	$14.55T	$14.82T	$14.82T	$13.61T	$13.60T	$13.88T	$13.64T	$14.81T	$14.31T	$14.73T	$15.61T	$19.87T	$17.10T	$15.57T	$12.97T	$10.16T	$8.51T	$7.83T	$6.55T	$4.98T	$4.33T	$3.39T	$5.82T	$6.89T	$6.91T	$6.84T	$6.23T	$47.27B	$80.24B
Low Forecast	$19.80T	$14.55T	$14.82T	$14.82T	$13.43T	$13.60T	$13.88T	$13.64T	$14.68T	$14.31T	$14.73T	$15.61T	$18.47T	$17.10T	$15.57T	$12.97T	$10.16T	$8.51T	$7.83T	$6.55T	$4.98T	$4.33T	$3.39T	$5.82T	$6.89T	$6.91T	$6.84T	$6.23T	$31.51B	$53.49B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.07%	0.79%	1.27%	1.39%	1.17%	1.19%	1.02%	1.01%	1.18%	1.13%	0.99%	0.85%	0.74%	1.13%	1.06%	1.14%	1.08%	204.18%	70.62%

1 analysts predict EC's average Quarter EBITDA for Jun 23 to be $14.73T, with a high of $14.73T and a low of $14.73T. This is -11.46% lower than Ecopetrol's previous annual EBITDA (Mar 23) of $16.64T.

Ecopetrol Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Mar 17
# Analysts	1	1	1	1	4	2	2	2	3	1	1	1	1	1	1	1	1	1	1	9	13	8	8	9	12	7	7	8	16	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	$5.66T	$6.85T	$7.73T	$10.47T	$6.57T	$7.01T	$3.81T	$3.72T	$3.09T	$573.68B	$855.00B	$22.00B	$1.06T	$4.50T	$3.01T	$3.49T	$2.75T	$3.52T	$886.00B
Avg Forecast	$156.22T	$82.76T	$82.71T	$72.65T	$57.97T	$74.54T	$80.20T	$32014.63T	$92.60T	$92.10T	$88.26T	$41144.59T	$15928.48T	$11.62T	$9.39T	$35491.42T	$4.91T	$4.49T	$4.11T	$11334.60T	$1.49T	$4453.84T	$-182.14B	$1.17T	$3.39T	$3.12T	$3.42T	$6701.22T	$9783.94T	$3551.08T
High Forecast	$156.22T	$82.76T	$82.71T	$72.65T	$67.64T	$74.54T	$81.15T	$38417.55T	$94.38T	$92.10T	$88.26T	$49373.51T	$19114.18T	$11.74T	$9.61T	$42589.71T	$4.91T	$4.49T	$4.11T	$13601.52T	$1.49T	$5344.61T	$-182.14B	$1.17T	$3.39T	$3.12T	$3.42T	$8041.47T	$11740.73T	$4261.29T
Low Forecast	$156.22T	$82.76T	$82.71T	$72.65T	$48.31T	$74.54T	$79.25T	$25611.70T	$90.82T	$92.10T	$88.26T	$32915.67T	$12742.79T	$11.50T	$9.16T	$28393.14T	$4.91T	$4.49T	$4.11T	$9067.68T	$1.49T	$3563.07T	$-182.14B	$1.17T	$3.39T	$3.12T	$3.42T	$5360.98T	$7827.15T	$2840.86T
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.67%	1.12%	0.00%	1.43%	0.85%	0.91%	0.00%	0.39%	0.00%	-0.12%	0.91%	1.33%	0.96%	1.02%	0.00%	0.00%	0.00%

Ecopetrol's average Quarter net income forecast for Jun 23 is $88.26T, with a range of $88.26T to $88.26T. EC's average Quarter net income forecast represents a 1459.45% increase compared to the company's last Quarter net income of $5.66T (Mar 23).

Ecopetrol SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Mar 17
# Analysts	1	1	1	1	4	2	2	2	3	1	1	1	1	1	1	1	1	1	1	9	13	8	8	9	12	7	7	8	16	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	$2.10T	$2.78T	$-912.02B	$1.75T	$1.91T	$1.78T	$1.42T	$1.39T	$595.33B	$1.29T	$1.20T	$-138.00B	$1.04T	$-286.17B	$1.01T	$890.00B	$691.00B	$729.00B	$899.00B
Avg Forecast	$2.91T	$2.14T	$2.18T	$2.18T	$1.99T	$2.00T	$2.04T	$2.00T	$2.17T	$2.10T	$2.16T	$2.29T	$-1012.72T	$2.67T	$2.43T	$2.03T	$1.59T	$1.33T	$1.22T	$1.02T	$777.89B	$675.97B	$529.45B	$908.71B	$1.08T	$1.08T	$1.07T	$973.11B	$6.15B	$10.45B
High Forecast	$2.91T	$2.14T	$2.18T	$2.18T	$2.00T	$2.00T	$2.04T	$2.00T	$2.18T	$2.10T	$2.16T	$2.29T	$-810.17T	$2.67T	$2.43T	$2.03T	$1.59T	$1.33T	$1.22T	$1.02T	$777.89B	$675.97B	$529.45B	$908.71B	$1.08T	$1.08T	$1.07T	$973.11B	$7.39B	$12.54B
Low Forecast	$2.91T	$2.14T	$2.18T	$2.18T	$1.97T	$2.00T	$2.04T	$2.00T	$2.16T	$2.10T	$2.16T	$2.29T	$-1215.26T	$2.67T	$2.43T	$2.03T	$1.59T	$1.33T	$1.22T	$1.02T	$777.89B	$675.97B	$529.45B	$908.71B	$1.08T	$1.08T	$1.07T	$973.11B	$4.92B	$8.36B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.92%	-0.00%	-0.34%	0.72%	0.94%	1.12%	1.07%	1.14%	0.58%	1.66%	1.78%	-0.26%	1.14%	-0.27%	0.93%	0.83%	0.71%	118.44%	86.05%

Ecopetrol's average Quarter SG&A projection for Jun 23 is $2.16T, based on 1 Wall Street analysts, with a range of $2.16T to $2.16T. The forecast indicates a 2.84% rise compared to EC last annual SG&A of $2.10T (Mar 23).

Ecopetrol EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Mar 17
# Analysts	1	1	1	1	4	2	2	2	3	1	1	1	1	1	1	1	1	1	1	9	13	8	8	9	12	7	7	8	16	10
EPS	-	-	-	-	-	-	-	-	-	-	-	$2.75K	$3.33K	$5.09K	$5.09K	$3.20K	$3.41K	$1.85K	$1.81K	$1.50K	$328.33	$415.89	$10.70	$517.55	$2.57K	$1.46K	$1.70K	$1.34K	$1.71K	$430.97
Avg Forecast	$3.80K	$2.01K	$2.01K	$1.77K	$1.41K	$1.81K	$1.95K	$2.09K	$2.25K	$2.24K	$2.15K	$2.44K	$4.03K	$5.65K	$4.57K	$3.49K	$2.39K	$2.18K	$2.00K	$1.28K	$723.30	$525.84	$-88.60	$571.18	$1.65K	$1.52K	$1.66K	$1.11K	$1.58K	$921.84
High Forecast	$3.80K	$2.01K	$2.01K	$1.77K	$1.65K	$1.81K	$1.97K	$2.09K	$2.30K	$2.24K	$2.15K	$2.44K	$4.25K	$5.71K	$4.68K	$3.49K	$2.39K	$2.18K	$2.00K	$1.28K	$723.30	$525.84	$-88.60	$571.18	$1.65K	$1.52K	$1.66K	$1.11K	$1.91K	$1.09K
Low Forecast	$3.80K	$2.01K	$2.01K	$1.77K	$1.18K	$1.81K	$1.93K	$2.08K	$2.21K	$2.24K	$2.15K	$2.44K	$3.86K	$5.59K	$4.46K	$3.49K	$2.39K	$2.18K	$2.00K	$1.28K	$723.30	$525.84	$-88.60	$571.18	$1.65K	$1.52K	$1.66K	$1.11K	$1.26K	$748.99
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.13%	0.83%	0.90%	1.12%	0.92%	1.43%	0.85%	0.91%	1.17%	0.45%	0.79%	-0.12%	0.91%	1.56%	0.96%	1.02%	1.20%	1.08%	0.47%

According to 1 Wall Street analysts, Ecopetrol's projected average Quarter EPS for Jun 23 is $2.15K, with a low estimate of $2.15K and a high estimate of $2.15K. This represents a -21.99% decrease compared to EC previous annual EPS of $2.75K (Mar 23).

Ecopetrol Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
EQNR	Equinor ASA	$23.90	$82.50	245.19%	Hold
CVE	Cenovus Energy	$14.97	$31.00	107.08%	Buy
BP	BP p.l.c.	$31.13	$50.00	60.62%	Buy
E	Eni S.p.A.	$28.01	$39.60	41.38%	Buy
TTE	TotalEnergies SE	$58.18	$79.50	36.64%	Hold
SHEL	Shell	$64.78	$88.00	35.84%	Buy
PBR	Petróleo Brasileiro S.A. - Petrobras	$13.89	$16.50	18.79%	Buy
NFG	National Fuel Gas	$68.46	$76.00	11.01%	Buy
EC	Ecopetrol	$9.04	$8.50	-5.97%	Buy
YPF	YPF Sociedad Anónima	$40.00	$29.50	-26.25%	Buy

EC Forecast FAQ

Is Ecopetrol a good buy?

Yes, according to 1 Wall Street analysts, Ecopetrol (EC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of EC's total ratings.

What is EC's price target?

Ecopetrol (EC) average price target is $8.5 with a range of $6.8 to $10.2, implying a -5.97% from its last price of $9.04. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Ecopetrol stock go up soon?

According to Wall Street analysts' prediction for EC stock, the company can go down by -5.97% (from the last price of $9.04 to the average price target of $8.5), up by 12.83% based on the highest stock price target, and down by -24.78% based on the lowest stock price target.

Can Ecopetrol stock reach $14?

EC's average twelve months analyst stock price target of $8.5 does not support the claim that Ecopetrol can reach $14 in the near future.

What are Ecopetrol's analysts' financial forecasts?

Ecopetrol's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $131.8T (high $132T, low $131.56T), average EBITDA is $54.64T (high $54.73T, low $54.54T), average net income is $32230T (high $38640T, low $25810T), average SG&A $8.03T (high $8.04T, low $8.02T), and average EPS is $7.26K (high $7.53K, low $6.99K). EC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $154.35T (high $154.35T, low $154.35T), average EBITDA is $63.99T (high $63.99T, low $63.99T), average net income is $394.33T (high $394.33T, low $394.33T), average SG&A $9.4T (high $9.4T, low $9.4T), and average EPS is $9.6K (high $9.6K, low $9.6K).

Did the EC's actual financial results beat the analysts' financial forecasts?

Based on Ecopetrol's last annual report (Dec 2022), the company's revenue was $159.47T, which missed the average analysts forecast of $162.57T by -1.91%. Apple's EBITDA was $71.12T, beating the average prediction of $64.71T by 9.90%. The company's net income was $33.41T, missing the average estimation of $51440T by -99.94%. Apple's SG&A was $8.12T, missing the average forecast of $-1006T by -100.81%. Lastly, the company's EPS was $16.25K, missing the average prediction of $17.73K by -8.37%. In terms of the last quarterly report (Mar 2023), Ecopetrol's revenue was $38.85T, beating the average analysts' forecast of $37.65T by 3.20%. The company's EBITDA was $16.64T, beating the average prediction of $15.61T by 6.58%. Ecopetrol's net income was $5.66T, missing the average estimation of $41140T by -99.99%. The company's SG&A was $2.1T, missing the average forecast of $2.29T by -8.24%. Lastly, the company's EPS was $2.75K, beating the average prediction of $2.44K by 12.96%