(EC) Ecopetrol - Overview

Exchange: NYSE • Country: Colombia • Currency: USD • Type: Common Stock • ISIN: US2791581091

Stock: Oil, Gas, Refining, Petrochemicals, Energy

Total Rating 50
Risk 70
Buy Signal -0.35
Oil & Gas Integrated +4.8
Integrated Oil & Gas +3.6
Market Cap: 24,864m
Avg Trading Vol: 36.0M USD
ATR: 3.96%
Peers RS (IBD): 60.5
Risk 5d forecast
Volatility 38.3%
Relative Tail Risk -2.94%
Reward TTM
Sharpe Ratio 1.21
Alpha 45.54
Character TTM
Beta 0.477
Beta Downside 1.668
Drawdowns 3y
Max DD 38.26%
CAGR/Max DD 0.73

EPS (Earnings per Share)

EPS (Earnings per Share) of EC over the last years for every Quarter: "2021-03": 0.42, "2021-06": 0.49, "2021-09": 0.48, "2021-12": 0.76, "2022-03": 3516.92, "2022-06": 1.3, "2022-09": 1.06, "2022-12": 0.69, "2023-03": 3028.52, "2023-06": 0.45, "2023-09": 0.61, "2023-12": 0.51, "2024-03": 0.5, "2024-06": 0.42, "2024-09": 0.3997, "2024-12": 0.4356, "2025-03": 0.3632, "2025-06": 905.83, "2025-09": 2.39, "2025-12": 0,
EPS CAGR: -94.75%
EPS Trend: -25.5%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of EC over the last years for every Quarter: 2021-03: 17206000, 2021-06: 19444000, 2021-09: 23333000, 2021-12: 31761000, 2022-03: 32472744, 2022-06: 43885000, 2022-09: 43438000, 2022-12: 39712284, 2023-03: 38854000, 2023-06: 34300000, 2023-09: 35130000, 2023-12: 31780961, 2024-03: 31302000, 2024-06: 32627000, 2024-09: 34607000, 2024-12: 34792000, 2025-03: 31365000, 2025-06: 29669000, 2025-09: 29840000, 2025-12: null,
Rev. CAGR: -1.65%
Rev. Trend: -56.9%
Last SUE: -0.01
Qual. Beats: 0

Description: EC Ecopetrol March 05, 2026

Ecopetrol S.A. is an integrated energy company headquartered in Bogotá, Colombia. The company operates across four segments: Exploration and Production, Transport and Logistics, Refining and Petrochemicals, and Electric Power Transmission and Toll Roads Concessions. Integrated oil and gas companies manage the entire value chain from extraction to sale of refined products.

The Exploration and Production segment focuses on oil and gas discovery and extraction. The Transport and Logistics segment handles crude oil, fuel, and refined product transportation, a critical component in the energy sectors supply chain. The Refining and Petrochemicals segment processes crude oil and distributes natural gas and LPG. Refining involves converting crude oil into usable products like gasoline and diesel.

The Electric Power Transmission and Toll Roads Concessions segment engages in electric power transmission, IT/telecommunications services, and infrastructure development. This diversification into non-oil and gas sectors is a strategy some energy companies employ to broaden revenue streams. Ecopetrol operates globally, with a significant presence in Colombia, other parts of South America, the United States, and Europe.

Further research on ValueRay can provide detailed financial metrics and competitive analysis.

Headlines to watch out for

  • Global oil prices directly impact Ecopetrols exploration and production revenue
  • Colombian government policy and regulation influence operations and profitability
  • Refining margins affect downstream segment performance
  • Transportation and logistics volumes drive midstream earnings
  • Diversification into power and infrastructure provides new revenue streams

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 11399.00b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -4.67 > 1.0
NWC/Revenue: 16.44% < 20% (prev 19.13%; Δ -2.69% < -1%)
CFO/TA 0.11 > 3% & CFO 31101.19b > Net Income 11399.00b
Net Debt (103906.00b) to EBITDA (43123.76b): 2.41 < 3
Current Ratio: 1.53 > 1.5 & < 3
Outstanding Shares: last quarter (2.06b) vs 12m ago 0.05% < -2%
Gross Margin: 34.64% > 18% (prev 0.33%; Δ 3430 % > 0.5%)
Asset Turnover: 42.99% > 50% (prev 44.52%; Δ -1.53% > 0%)
Interest Coverage Ratio: 5.79 > 6 (EBITDA TTM 43123.76b / Interest Expense TTM 4570.34b)

Altman Z'' 1.93

A: 0.07 (Total Current Assets 59770.00b - Total Current Liabilities 39110.00b) / Total Assets 291872.00b
B: 0.13 (Retained Earnings 39228.00b / Total Assets 291872.00b)
C: 0.09 (EBIT TTM 26466.45b / Avg Total Assets 292291.65b)
D: 0.40 (Book Value of Equity 74106.00b / Total Liabilities 184862.00b)
Altman-Z'' Score: 1.93 = BBB

Beneish M -2.67

DSRI: 1.61 (Receivables 31471.00b/20255.96b, Revenue 125666.00b/130316.96b)
GMI: 0.97 (GM 34.64% / 33.46%)
AQI: 0.96 (AQ_t 0.27 / AQ_t-1 0.29)
SGI: 0.96 (Revenue 125666.00b / 130316.96b)
TATA: -0.07 (NI 11399.00b - CFO 31101.19b) / TA 291872.00b)
Beneish M-Score: -2.67 (Cap -4..+1) = A

What is the price of EC shares?

As of March 10, 2026, the stock is trading at USD 12.84 with a total of 6,173,044 shares traded.
Over the past week, the price has changed by +5.25%, over one month by +4.39%, over three months by +28.40% and over the past year by +54.72%.

Is EC a buy, sell or hold?

Ecopetrol has received a consensus analysts rating of 2.55. Therefor, it is recommend to hold EC.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 6
  • Sell: 1
  • StrongSell: 3

What are the forecasts/targets for the EC price?

Issuer Target Up/Down from current
Wallstreet Target Price 9.7 -24.6%
Analysts Target Price 9.7 -24.6%

EC Fundamental Data Overview March 07, 2026

Market Cap COP = 92992.05b (24.86b USD * 3739.97 USD.COP)
P/E Trailing = 8.7803
P/E Forward = 7.3475
P/S = 0.7219
P/B = 1.124
P/EG = 0.7707
Revenue TTM = 125666.00b COP
EBIT TTM = 26466.45b COP
EBITDA TTM = 43123.76b COP
Long Term Debt = 101815.00b COP (from longTermDebt, last quarter)
Short Term Debt = 12455.00b COP (from shortTermDebt, last quarter)
Debt = 114270.00b COP (from shortLongTermDebtTotal, last quarter)
Net Debt = 103906.00b COP (from netDebt column, last quarter)
Enterprise Value = 201970.05b COP (92992.05b + Debt 114270.00b - CCE 5292.00b)
Interest Coverage Ratio = 5.79 (Ebit TTM 26466.45b / Interest Expense TTM 4570.34b)
EV/FCF = 13.63x (Enterprise Value 201970.05b / FCF TTM 14821.44b)
FCF Yield = 7.34% (FCF TTM 14821.44b / Enterprise Value 201970.05b)
FCF Margin = 11.79% (FCF TTM 14821.44b / Revenue TTM 125666.00b)
Net Margin = 9.07% (Net Income TTM 11399.00b / Revenue TTM 125666.00b)
Gross Margin = 34.64% ((Revenue TTM 125666.00b - Cost of Revenue TTM 82141.00b) / Revenue TTM)
Gross Margin QoQ = 33.41% (prev 28.68%)
Tobins Q-Ratio = 0.69 (Enterprise Value 201970.05b / Total Assets 291872.00b)
Interest Expense / Debt = 1.96% (Interest Expense 2235.61b / Debt 114270.00b)
Taxrate = 31.23% (1710.00b / 5476.00b)
NOPAT = 18201.73b (EBIT 26466.45b * (1 - 31.23%))
Current Ratio = 1.53 (Total Current Assets 59770.00b / Total Current Liabilities 39110.00b)
Debt / Equity = 1.42 (Debt 114270.00b / totalStockholderEquity, last quarter 80714.00b)
Debt / EBITDA = 2.41 (Net Debt 103906.00b / EBITDA 43123.76b)
Debt / FCF = 7.01 (Net Debt 103906.00b / FCF TTM 14821.44b)
Total Stockholder Equity = 85586.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.90% (Net Income 11399.00b / Total Assets 291872.00b)
RoE = 13.32% (Net Income TTM 11399.00b / Total Stockholder Equity 85586.47b)
RoCE = 14.12% (EBIT 26466.45b / Capital Employed (Equity 85586.47b + L.T.Debt 101815.00b))
RoIC = 9.28% (NOPAT 18201.73b / Invested Capital 196198.61b)
WACC = 4.18% (E(92992.05b)/V(207262.05b) * Re(7.67%) + D(114270.00b)/V(207262.05b) * Rd(1.96%) * (1-Tc(0.31)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF] Terminal Value 82.24% ; FCFF base≈20309.62b ; Y1≈14572.62b ; Y5≈7944.03b
[DCF] Fair Price = 70.5k (EV 248761.82b - Net Debt 103906.00b = Equity 144855.82b / Shares 2.06b; r=5.90% [WACC]; 5y FCF grow -33.24% → 2.90% )
EPS Correlation: -25.49 | EPS CAGR: -94.75% | SUE: -4.0 | # QB: 0
Revenue Correlation: -56.89 | Revenue CAGR: -1.65% | SUE: -0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=1.08 | Chg7d=-0.171 | Chg30d=-0.189 | Revisions Net=-2 | Growth EPS=-19.1% | Growth Revenue=-6.9%

Additional Sources for EC Stock

Fund Manager Positions: Dataroma | Stockcircle