Ecopetrol's stock fell 5.02% as it crossed below the 5-day SMA amid broader market gains in the Nasdaq-100 and S&P 500.
The company has elected Cesar Eduardo Loza Arenas as a new board member, which is expected to enhance corporate governance and increase employee engagement. This move reflects the Colombian government's support for improved governance, potentially fostering collaboration between Ecopetrol and the government. As the largest company in Colombia, Ecopetrol plays a crucial role in the energy sector, responsible for over 60% of the country's hydrocarbon production, and is actively expanding its international operations in the U.S., Brazil, and Mexico.
Despite the stock's decline, the election of a new board member may lead to improved governance and strategic initiatives that could benefit the company in the long run.
Wall Street analysts forecast EC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EC is 7.85 USD with a low forecast of 7.00 USD and a high forecast of 8.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast EC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EC is 7.85 USD with a low forecast of 7.00 USD and a high forecast of 8.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 12.770
Low
7.00
Averages
7.85
High
8.70
Current: 12.770
Low
7.00
Averages
7.85
High
8.70
Grupo Santander
Underperform -> Neutral
upgrade
$10
2025-07-02
Reason
Grupo Santander
Price Target
$10
AI Analysis
2025-07-02
upgrade
Underperform -> Neutral
Reason
Grupo Santander upgraded Ecopetrol to Neutral from Underperform with a price target of $10, up from $8.60.
JP Morgan
Rodolfo Angele
Sell
to
Hold
Upgrades
$7.5 → $9.5
2025-02-13
Reason
JP Morgan
Rodolfo Angele
Price Target
$7.5 → $9.5
2025-02-13
Upgrades
Sell
to
Hold
Reason
JPMorgan analyst Rodolfo Angele upgraded Ecopetrol to Neutral from Underweight with a $9.50 price target. Colombia has experienced a de-risking trend, with significant capital inflows making it the best-performing Latin American market in January, rising by 21.2%, the analyst tells investors in a research note. The firm says Ecopetrol should be a key beneficiary of any inflows into Colombia. As such, JPMorgan sees a fair valuation at current share levels.
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About EC
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
