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ECEcopetrol S.A.Sell6.1·$17.42-0.53%
SellModerate Confidence
Investment thesis

The integrated oil and gas company screens cheaply on a forward earnings basis but is hobbled by a quality profile that falls below the minimum acceptable threshold, a revenue base in contraction, and an earnings track record where three of the last four quarters missed by wide margins — making the setup unattractive despite the apparent value.

Thesis pillars

  • Dividend Yield Sustainability RiskStable
  • Below Threshold Business QualityImproving
  • Chronic Earnings Miss PatternStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

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Ecopetrol S.A. (EC) Stock Analysis

Range Bound setup

SellValueGrowthQualityModerate Confidence

Energy · Oil & Gas Integrated

Sell if holding. Analyst target reached at $17.42 — A.R:R is negative (-4.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9).

Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the... Read more

$17.42-29.6% A.UpsideScore 6.1/10#15 of 17 Oil & Gas Integrated
QualityF-score8 / 9FCF yield33752.64%
IncomeYield3.72%(5y avg 14.21%)Payout43.16%sustainable
Stop $16.16Target $17.83(resistance)A.R:R -4.9:1
Analyst target$13.91-20.2%11 analysts
$17.83our TP
$17.42price
$13.91mean
$9

Sell if holding. Analyst target reached at $17.42 — A.R:R is negative (-4.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9). Chart setup: RSI 50 mid-range, Bollinger mid-band. Score 6.1/10, moderate confidence.

Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 70d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-09-04
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Nov 12, 202670d to earnings· next earnings call

Thesis

Rewards
Sector modifier (Energy): +1.2
Strong growth profile
Risks
Analyst target reached - limited upside remaining
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
Consecutive earnings misses (2)

Key Metrics

P/E (TTM)11.5
P/E (Fwd)10.2
Mkt Cap$36.0B
EV/EBITDA
Profit Mgn10.2%
ROE15.9%
Rev Growth35.5%
Beta-0.05
Dividend3.72%
Rating analysts11

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C0.83neutral
IV62%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
2.9
Quality Rank
4.7
Value Rank
6.5
GatesA.R:R -4.9=NEGATIVEMomentum 6.0>=5.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 70d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRange BoundSuitability: Moderate
RSI
50 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $16.29Resistance $18.19

Price Targets

$16
$18
A.Upside-29.6%
A.R:R-4.9:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! Target reached (-29.6% upside)
! News modifier -1: HOLD_IF_HOLDING → SELL_IF_HOLDING
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-11-12 (70d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is EC stock a buy right now?

Sell if holding. Analyst target reached at $17.42 — A.R:R is negative (-4.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9). Chart setup: RSI 50 mid-range, Bollinger mid-band. Prior stop was $16.16. Score 6.1/10, moderate confidence.

What is the EC stock price target?

Take-profit target: $17.83 (-29.6% upside). Prior stop was $16.16. Stop-loss: $16.16.

What are the risks of investing in EC?

Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Consecutive earnings misses (2).

Is EC overvalued or undervalued?

Ecopetrol S.A. trades at a P/E of 11.5 (forward 10.2). TrendMatrix value score: 6.7/10. Verdict: Sell.

What do analysts say about EC?

11 analysts cover EC with a consensus score of 2.6/5. Average price target: $14.

What does Ecopetrol S.A. do?Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production;...

Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels. The Refining and Petrochemicals segment refines and processes crude oil at the Barrancabermeja and Cartagena refineries; and distributes natural gas and LPG. The energy Transmission and Toll Roads Concessions segment supplies transmission and information technology and telecommunications services, as well as designs, develops, constructs, operates, and maintains road and energy infrastructure projects. The company operates in Colombia, the United States, China, Brazil, India, Singapore and other Asian countries, Peru, Chile, Other South America countries, Central America and the Caribbean, and Europe. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.

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