Ecopetrol SA has a consensus price target of $10.89 based on the ratings of 7 analysts. The high is $13 issued by UBS on December 21, 2022. The low is $7.5 issued by JP Morgan on October 30, 2024. The 3 most-recent analyst ratings were released by JP Morgan, JP Morgan, and Goldman Sachs on October 30, 2024, September 25, 2024, and September 24, 2024, respectively. With an average price target of $8.5 between JP Morgan, JP Morgan, and Goldman Sachs, there's an implied 11.26% upside for Ecopetrol SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ecopetrol (NYSE:EC) was reported by JP Morgan on October 30, 2024. The analyst firm set a price target for $7.50 expecting EC to fall to within 12 months (a possible -1.83% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Ecopetrol (NYSE:EC) was provided by JP Morgan, and Ecopetrol maintained their underweight rating.
There is no last upgrade for Ecopetrol
The last downgrade for Ecopetrol SA happened on September 25, 2024 when JP Morgan changed their price target from $12 to $8.5 for Ecopetrol SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ecopetrol, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ecopetrol was filed on October 30, 2024 so you should expect the next rating to be made available sometime around October 30, 2025.
While ratings are subjective and will change, the latest Ecopetrol (EC) rating was a maintained with a price target of $8.50 to $7.50. The current price Ecopetrol (EC) is trading at is $7.64, which is out of the analyst’s predicted range.
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