EC

Ecopetrol SA
D

EC

Arincen60/100B

Ecopetrol SA stock forecast 2026–2029

Analysts' average 12-month price target for Ecopetrol SA is 17.57, 12.9% above the current price of 15.56. Their targets range from 16.00 to 19.00.

Of the 4 firms that rated Ecopetrol SA in the past 12 months, 0 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.

12-month price target
17.57 USD
+12.92%

Analysts' 1-year price targets range from 16.00 to 19.00, with an average of 17.57.

Past year
1-year forecast
Strong sellStrong buy
Hold
4 ratings
Strong buy
0
Buy
0
Hold
4
Sell
0
Strong sell
0

12-month price target

Highest target19.00
Average target17.57
Lowest target16.00
Current price15.56

Ecopetrol SA price target history

See how analysts moved their price target

How analysts rate Ecopetrol SA, month by month

0 of 4 firms rate it buy now, against 0 of 1 in December 2025.

Buy Hold Sell

Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.

Month endBuyHoldSellFirms
Nov 20260404
Oct 20260404
Sept 20260303
Aug 20260303
Jul 20260303
Jun 20260303
May 20260101
Jan 20260101
Dec 20250101

Ecopetrol SA analyst upgrades, downgrades and price targets

The latest rating change came on 29 October 2026, when Jefferies upgraded Ecopetrol SA from Underperform to Hold. Its price target is 19.00.

DateFirmRatingPrice targetChangePrice then
29 Oct 2026
Jefferies
Upgraded · Underperform → Hold19.00—17.68
7 Oct 2026
Goldman Sachs
—8.70 → 17.70+103.4%16.96

Ecopetrol SA EPS and revenue estimates

Analysts expect Ecopetrol SA's EPS to grow 25.7% a year until 2027. Over the last 5 years it grew 37.8% a year, and over the last 3 years it fell 36.9%.

Analysts expect Ecopetrol SA's revenue to grow 2.6% a year until 2027. Over the last 5 years it grew 17.3% a year, and over the last 3 years it fell 11.3%.

Revenue

ReportedEstimate

EPS

ReportedEstimate
Fiscal yearEPSEPS growthEPS rangeRevenueRevenue growthRevenue rangeAnalysts
FY2027 (est.) 1.98-18.7%1.44 – 2.52 36.14B-5.5%33.91B – 38.38B4
FY2026 (est.) 2.44+133.1%2.36 – 2.51 38.24B+34.5%36.87B – 39.61B4
FY2025 1.05-51.4%— 28.43B-14.4%——
FY2023 2.15-44.4%— 33.19B-10.9%——
FY2022 3.87+402.5%— 37.26B+105.8%——
FY2020 0.77—— 18.11B———

Does Ecopetrol SA beat earnings estimates?

On average, analysts' EPS estimate was 25,838.9% off the result, either way, and their revenue estimate 6.1%, over the last 12 quarters.

EPS beats
20 / 58
Revenue beats
29 / 55
Average EPS surprise, last 12
+25,814.8%
Since
July 2011
QuarterReport dateEPS estimateReported EPSSurpriseRevenue estimateReported revenueSurprise
Q2 FY20263 Aug 20260.860.82-4.7%10.84B11.70B+7.9%
Q1 FY202612 May 20260.540.38-29.0%8.01B7.76B-3.1%
Q4 FY20254 Mar 20260.230.22-6.3%7.14B5.77B-19.3%
Q3 FY202511 Nov 20250.000.31+309,900.0%7.22B7.71B+6.9%
Q2 FY202513 Aug 20250.330.21-36.4%7.87B7.42B-5.8%
Q1 FY20256 May 20250.360.31-14.0%7.73B7.53B-2.7%
Q3 FY202414 Nov 20240.420.43+2.4%7.85B8.31B+5.9%
Q2 FY202414 Aug 20240.570.42-26.3%8.07B7.90B-2.2%
Q1 FY20248 May 20240.540.50-7.4%8.52B8.11B-4.9%
Q4 FY202329 Feb 20240.540.51-5.6%8.89B7.99B-10.1%
Q3 FY20239 Nov 20230.510.61+19.6%8.44B8.58B+1.7%
Q2 FY20238 Aug 20230.530.45-15.1%8.52B8.26B-3.0%

Ecopetrol SA stock price 2026–2029: scenarios

If Ecopetrol SA's earnings keep growing at the 37.7% a year analysts expect to FY2027, it would earn about 3.76 a share in FY2029. At the P/E it has traded at over the last five years (3.1 to 9.3) that is 11.74 to 34.87 a share, or 21.81 at its average P/E of 5.8. This is arithmetic on the analysts' estimates, not a prediction.

Bull Base Bear
Fiscal yearEPSBearBaseBull
FY2026 2.447.6114.1422.61
FY2027 1.986.1911.5018.39
FY2028 (extrapolated)2.738.5315.8425.32
FY2029 (extrapolated)3.7611.7421.8134.87

Each year's EPS is the analysts' consensus to FY2027; the years after continue its 37.7% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (3.1, 5.8, 9.3).

Is Ecopetrol SA stock undervalued or overvalued?

Ecopetrol SA's P/E of 8.3 is around the middle of its 5-year range (2.6 to 13.5, median 7.0). It is in line with its own history. Buyers pay more for each point of growth than usual: a PEG of 0.3 on expected growth against 0.2 on its median P/E and past five years' growth. Fair value is not a reliable guide for Ecopetrol SA: its earnings swing (EPS fell ⁦39.5%⁩ in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 6.4.

Price to earnings ratio (TTM)
8.30
Five-year median P/E
7.03
Five-year P/E range
2.6 – 13.5
Forward P/E (FY2026)
6.38
PEG ratio
0.22
To the average target
+12.9%
See the full P/E history check Plus

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Common questions about the Ecopetrol SA stock forecast

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