Ecopetrol (EC) Stock Analysis & Forecast

Nov 4 close

$15.92−0.62 (−3.7%)

Gekko Brief

AI summaryNov 4 close

Ecopetrol enters the week with third-quarter 2026 results due on 10 November, and Jefferies upgraded the stock to Hold from Underperform, raising its price target to $19 from $9. Trading sessions this week showed moves of +2.38% to $16.56 and earlier +2.26% to $17.68, with the stock also cited as down 0.52% at $17.19 on 30 October, reflecting a volatile run-up into the earnings date.

The stock closed at $15.92, down 3.7%, sitting between its 50-day average of $17.15 and 200-day average of $15.16. Over the past month the stock is down 6.1%, though it remains up 68.6% over the past year. The GekkoIndex reads 67.9, placing the stock in the Accumulation zone, up 12.4 over five days. Price sits 35.7% below Gekko Fair Value of $24.74.

Earnings arrive on 10 November, just 5 days away and inside a typical 20-trading-day holding window; the last report produced a 7.9% reaction. Analyst consensus across 5 firms stands at 4 hold and 1 sell, with a consensus target of $15.57, implying -2.2% versus current price. Seasonality from this point in the calendar has averaged -0.2% over the next 20 trading days across 5 years, rising in 3 of them. No insider, Congress or unusual options activity appears in the respective windows, leaving the earnings reaction as the dominant near-term factor worth noting.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Ecopetrol price vs fair value

▲$24.74$15.92Nov ’25May ’26Nov ’26
Close $15.92200-day averageGekko Fair Value $24.74

Ecopetrol quick facts

Market cap
$32.73B
P/E ratio
8.8
Forward P/E
5.7
EPS, TTM
$1.84
Revenue, TTM
$125.7T
Profit margin
10.2%
Dividend yield
—
Beta
-0.08
Volume
3.38M avg 1.64M
1-year return
+68.6%
Typical daily move
±4.1%
Typical 20-day move
±6.8%
50-day average
$17.15
200-day average
$15.16
Next earnings
Nov 10
Shares outstanding
2.06B
52-week range
$9.10$18.38

Ecopetrol swing-trade checklist

Ecopetrol scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $15.92 sits between the 50-day ($17.15) and 200-day ($15.16) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    67.9, Accumulation

    Reading 67.9 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    35.7% below

    Price is 35.7% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 5 days

    Reports on Nov 10, 2026, 5 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitymixed

    −0.2% on average

    From this point in the calendar, the next 20 trading days averaged −0.2% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Ecopetrol stock chart and price history

Ecopetrol closed at $15.92 on Nov 4, 2026, +68.6% over the past year, inside a 52-week range of $9.10 to $18.38.

Close50-day average200-day averageVolume
Ecopetrol share price, past year, with 50-day and 200-day moving averages and volume$10$12$14$18DecJan 2026FebMarAprMayJunJulAugSepOct15.92

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−6.1%
3 months
−8.5%
6 months
+19.2%
1 year
+68.6%
The full EC chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open EC in Gekko

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About Ecopetrol

Ecopetrol works across the oil and gas business, searching for reserves, developing them, and pulling crude and natural gas out of the ground. It has built a name around covering the whole path from raw extraction to finished products such as motor fuels, fuel oils, and petrochemical goods.

Its operations are split into three parts. One part is dedicated to finding and producing oil and gas. A second handles moving those resources, running pipelines and other logistics needed to get output to where it is processed or sold. The third takes crude through refining, turning it into usable fuels and petrochemical products.

The company traces its start back to 1948 and runs its operations out of Bogota, Colombia. It trades under the ticker EC.

Sector
Energy minerals
Website
ecopetrol.com.co

Ecopetrol GekkoIndex: the smart money zone

Ecopetrol’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 67.9, in the Accumulation zone, up 12.4 points over five sessions.

010067.9Accumulation

Up 12.4 points over five sessions, from the Neutral zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying34+0.4%+1.6%−0.7%−1.5%
Accumulation (current zone)198+0.6%+1.3%+2.5%+2.2%
Neutral365+0.4%+0.6%+2.1%+5.1%
Distribution52+0.7%+0.4%−2.5%+9.3%
Selling1Too few readings yet

Average EC share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the EC price, zone by zone.Track EC in Gekko

Is Ecopetrol stock overvalued? Gekko Fair Value

Ecopetrol trades 35.7% below Gekko Fair Value of $24.74, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Ecopetrol shares are worth, recalculated every trading day.

$24.74

Gekko Fair Value, Nov 4, 2026

35.7% Undervalued

At the end of Aug 2026 the price was 14.3% above the estimate.

Gekko Fair ValueShare price, month end
$25$17Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open EC in Gekko

Ecopetrol insider and Congress trading

No open-market insider purchases were filed for Ecopetrol, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for EC in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every EC insider filing, plotted on the chart in Gekko.Open EC in Gekko

Congress trades last 90 days

No trades in EC were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for EC, plotted on the chart in Gekko.Open EC in Gekko

Ecopetrol earnings: next date and track record

Ecopetrol reports on Nov 10, 2026 (5 days away), and beat the EPS estimate in 1 of its last 1 report.

1 of 1reports beat the EPS estimate
±7.9%average move across the report
1 of 1reports followed by a gain

Last earnings call, Mar 4, 2026 AI summary

What they said
Ecopetrol's Q4 and Full Year 2025 call emphasized disciplined execution, strong operational performance and financial resilience in a lower-price environment. Management highlighted they met 2025 targets: average production of ~745,000 bbl/d, transportation >1.1 million bbl/d, refining throughput ~417,000 bbl/d, 121% reserves replacement, a 44% three‑year exploration success rate (16 wells drilled, 7 successful), second-highest net profit in company history and EBITDA of COP 46.7 trillion with an EBITDA margin around 39%. The efficiency and profitability program delivered ~COP 6.6 trillion in 2025 and ~COP 23 trillion over five years. The Group exceeded renewable capacity targets (951 MW) and progressed key projects (Sirius gas marketing, Lorito commercial declaration, Windpeshi civil works, upcoming green hydrogen at Cartagena). Management reiterated capital discipline for 2026 while keeping flexibility to increase CapEx toward the top of the announced COP 22–27 trillion range if higher oil prices persist. Key operational/financial metrics and actions to mitigate headwinds (FX management, time chartering for shipping, contractual hedges, reserve reclassification/monetization) were discussed. The company addressed tax and regulatory uncertainties (DIAN controversy, royalties monetization with ANH, Brazil reserves timing) and provided operational explanations for production variances (weather, infrastructure incidents).
Guidance
2026 guidance and commitments: CapEx plan of COP 22–27 trillion with optionality to move toward COP 27 trillion if oil prices remain high; breakeven estimated ~US$46/barrel for 2026 (down from ~US$50 in 2025) with a tax component of ~US$9–10/bbl; lifting cost target below US$12/bbl assuming current FX trends; Permian activity estimate of ~38–40 wells for the year; Delaware contract in joint venture runs until Dec 31, 2026; dividend recommendation: COP 110 per share (5.1% of distributable profit); Sirius project CapEx (consortium): ~$1.2 billion exploration + ~$2.9 billion for development (financing schemes under evaluation).
Risks flagged
DIAN tax controversy (ongoing administrative and judicial processes, potential fines and long timelines); commodity price volatility and freight-cost spikes from geopolitical events (Middle East conflict) impacting margins and FEPC; operational/weather disruptions (rain, infrastructure damage) that temporarily reduced production; regulatory/contractual timing and approvals for reserve incorporations (ANH in Colombia, Brazilian agency for Orca/Gato do Mato); inflationary pressure and higher tax burden; uncertainties around timely execution and financing for large projects (Sirius, Coveñas regasification).
ReportedEPSSurpriseRevenueSurpriseMove
Mar 4, 2026$0.26
est $0.23
+14.4%$5.77B
est $7.14B
−19.3%+7.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Ecopetrol stock forecast and analyst price targets

Analysts’ average 12-month price target for Ecopetrol is $15.57, −2.2% from the last close, from 5 firms rating the stock in the last 90 days.

$15.57consensus 12-month target, −2.2% from the last close
Low $13High $19
Buy0
Hold4
Sell1

Each firm’s latest rating in the last 90 days: 5 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 29JefferiesHold, upgraded$19+19.3%
Oct 14Bank of America SecuritiesSell, reiterated$13−18.3%
Oct 7Goldman SachsHold, reiterated$17.70+11.2%
Sep 1J.P. MorganHold, maintained$16.50+3.6%
Aug 14UBSHold, maintained$16+0.5%
+2.5%average 20-day move after past Accumulation readings
−0.2%average move over the next 20 trading days in the last 5 years
±4.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Ecopetrol seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Ecopetrol averaged −0.2% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−9.5%2021−7.9%2022+3.5%2023+4.7%2024+9.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.5%1 of 5
Next 10 trading days+2.8%2 of 5
Next 15 trading days−0.1%3 of 5
Next 20 trading days−0.2%3 of 5
Next 30 trading days−2.1%3 of 5

For scale, EC’s typical 20-trading-day move in either direction is about 6.8%.

Ecopetrol market cap and key statistics

Ecopetrol’s market cap is $32.73B, with a P/E ratio of 8.8 and revenue of $125.7T over the last twelve months.

Valuation

Market cap
$32.73B
P/E ratio
8.8
Forward P/E
5.7
EPS, TTM
$1.84
Gekko Fair Value
$24.74

Trading

Volume
3.38M
Avg volume, 20 days
1.64M
52-week high
$18.38
52-week low
$9.10
Shares outstanding
2.06B

Financials

Revenue, TTM
$125.7T
Profit margin
10.2%
Return on equity
16%
Quarterly earnings growth, YoY
+234.5%

Risk and income

Beta
-0.08
Typical daily move
±4.1%
Typical 20-day move
±6.8%

Ecopetrol stock news this week

Coverage of Ecopetrol this week reads neutral: 1 positive, 7 neutral and 0 negative headlines.

News sentiment neutral

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Reporting earnings this week

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Ecopetrol stock FAQ

What is Ecopetrol’s market cap?

Ecopetrol’s market cap is $32.73B at the Nov 4, 2026 close of $15.92, with 2.06B shares outstanding. The shares trade on a P/E ratio of 8.8.

What is the Ecopetrol stock forecast?

The consensus analyst 12-month price target for Ecopetrol is $15.57, −2.2% from the last close. Of the 5 firms that rated the stock in the last 90 days, 0 rate it a buy, 4 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Ecopetrol stock overvalued or undervalued?

On Gekko’s estimate Ecopetrol is undervalued: the Nov 4, 2026 close of $15.92 is 35.7% below Gekko Fair Value of $24.74. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Ecopetrol report earnings next?

Ecopetrol is expected to report on Nov 10, 2026 (5 days away). Analysts expect earnings of $0.62 per share on revenue of $10.28B.

What is Ecopetrol’s 52-week high and low?

Ecopetrol’s 52-week high is $18.38 and its 52-week low is $9.10; it closed at $15.92 on Nov 4, 2026, +68.6% over the past year. Over the last five years the shares peaked at $19.81 on Apr 18, 2022.

Is Ecopetrol stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and fair value), 2 as mixed (trend and seasonality) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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