(EC) Ecopetrol - Overview

Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 30.036m USD | Total Return: 100% in 12m

Crude Oil, Natural Gas, Refined Fuels, Electricity Transmission
Total Rating 50
Safety 34
Buy Signal 0.40
Oil & Gas Integrated
Industry Rotation: +0.8
Market Cap: 30.0B
Avg Turnover: 42.5M
Risk 3d forecast
Volatility50.4%
VaR 5th Pctl8.79%
VaR vs Median5.90%
Reward TTM
Sharpe Ratio1.93
Rel. Str. IBD90.8
Rel. Str. Peer Group87.5
Character TTM
Beta0.267
Beta Downside0.457
Hurst Exponent0.592
Drawdowns 3y
Max DD38.26%
CAGR/Max DD0.94
CAGR/Mean DD3.31
EPS (Earnings per Share) EPS (Earnings per Share) of EC over the last years for every Quarter: "2021-06": 0.46, "2021-09": 0.48, "2021-12": 0.76, "2022-03": 0.78, "2022-06": 1.18, "2022-09": 0.94, "2022-12": 0.69, "2023-03": 0.6, "2023-06": 0.5, "2023-09": 0.61, "2023-12": 0.51, "2024-03": 0.5, "2024-06": 0.41, "2024-09": 0.4, "2024-12": 0.38, "2025-03": 0.3632, "2025-06": 0.22, "2025-09": 0.33, "2025-12": 0.2, "2026-03": 0.36,
EPS CAGR: -28.19%
EPS Trend: -99.5%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of EC over the last years for every Quarter: 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: 28465745.478, 2026-03: 28407113.325,
Rev. CAGR: -7.97%
Rev. Trend: -91.3%
Last SUE: -0.06
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Rs Leader, Tailwind, Pullback 52w, Confidence

Description: EC Ecopetrol

Ecopetrol S.A. is a vertically integrated energy company headquartered in Bogotá, Colombia. The company maintains a diversified operational structure across four primary segments: exploration and production, transport and logistics, refining and petrochemicals, and electric power transmission. Beyond its core fossil fuel assets, Ecopetrol manages critical infrastructure including road concessions and telecommunications services across the Americas, Europe, and Asia.

As an integrated oil and gas entity, Ecopetrol captures value across the entire hydrocarbon chain, from upstream extraction to downstream refining at major facilities in Barrancabermeja and Cartagena. This business model provides a natural hedge against commodity price volatility, as lower margins in extraction can often be offset by increased profitability in refining and midstream transport. The inclusion of power transmission and toll roads further diversifies the companys revenue streams away from pure energy market cycles.

Investors can further examine these operational segments and financial trends on ValueRay. Since its incorporation in 1948, the firm has expanded from a national oil company into a multinational energy and infrastructure conglomerate with significant assets in the United States and South America.

Headlines to Watch Out For
  • Brent crude oil price volatility dictates upstream revenue and cash flow margins
  • Colombian government energy transition policies impact long-term oil and gas exploration
  • ISA acquisition provides stable earnings diversification through electric power transmission assets
  • Domestic political instability and security concerns affect infrastructure and production continuity
  • Refining margins at Cartagena and Barrancabermeja facilities drive downstream profitability levels
Piotroski VR-10 (Strict) 5.5
Net Income: 8730b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -3.55 > 1.0
NWC/Revenue: 10.06% < 20% (prev 11.89%; Δ -1.83% < -1%)
CFO/TA 0.10 > 3% & CFO 29243b > Net Income 8730b
Net Debt (96049b) to EBITDA (42242b): 2.27 < 3
Current Ratio: 1.26 > 1.5 & < 3
Outstanding Shares: last quarter (2.06b) vs 12m ago -0.01% < -2%
Gross Margin: 32.57% > 18% (prev 36.78%; Δ -4.21% > 0.5%)
Asset Turnover: 39.55% > 50% (prev 44.42%; Δ -4.87% > 0%)
Interest Coverage Ratio: 3.36 > 6 (EBIT TTM 26707b / Interest Expense TTM 7943b)
Altman Z'' 1.38
A: 0.04 (Total Current Assets 56991b - Total Current Liabilities 45280b) / Total Assets 288246b
B: 0.02 (Retained Earnings 4332b / Total Assets 288246b)
C: 0.09 (EBIT TTM 26707b / Avg Total Assets 294283b)
D: 0.44 (Book Value of Equity 79924b / Total Liabilities 183213b)
Altman-Z'' = 1.38 = BB
Beneish M -1.94
DSRI: 1.89 (Receivables 29591b/17920b, Revenue 116382b/133391b)
GMI: 1.13 (GM 36.78% / 32.57%)
AQI: 1.57 (AQ_t 0.43 / AQ_t-1 0.28)
SGI: 0.87 (Revenue 116382b / 133391b)
TATA: -0.07 (NI 8730b - CFO 29243b) / TA 288246b)
Beneish M = -1.94 (Cap -4..+1) = B
What is the price of EC shares?

As of June 05, 2026, the stock is trading at USD 15.58 with a total of 2,464,130 shares traded.
Over the past week, the price has changed by +4.42%, over one month by +11.05%, over three months by +39.90% and over the past year by +99.99%.

Is EC a buy, sell or hold?

Ecopetrol has received a consensus analysts rating of 2.55. Therefore, it is recommended to hold EC.

  • StrongBuy: 1
  • Buy: 0
  • Hold: 6
  • Sell: 1
  • StrongSell: 3

What are the forecasts/targets for the EC price?
Analysts Target Price 12.5 -19.6%
Ecopetrol (EC) - Fundamental Data Overview as of 01 June 2026
Market Cap USD = 30.0b (30.0b USD * 1.0 USD.USD)
Market Cap COP = 107074b (30.0b USD * 3564.8799 USD.COP)
P/E Trailing = 10.903
P/E Forward = 9.1241
P/S = 0.9551
P/B = 1.3725
P/EG = 0.7707
Revenue TTM = 116382b COP
EBIT TTM = 26707b COP
EBITDA TTM = 42242b COP
Long Term Debt = 98443b COP (from longTermDebt, last fiscal year)
Short Term Debt = 12234b COP (from shortTermDebt, last quarter)
Debt = 109872b COP (from shortLongTermDebtTotal, last quarter) + Leases 1506b
Net Debt = 96049b COP (calculated: Debt 109872b - CCE 13823b)
Enterprise Value = 203123b COP (107074b + Debt 109872b - CCE 13823b)
Interest Coverage Ratio = 3.36 (Ebit TTM 26707b / Interest Expense TTM 7943b)
EV/FCF = 12.06x (Enterprise Value 203123b / FCF TTM 16848b)
FCF Yield = 8.29% (FCF TTM 16848b / Enterprise Value 203123b)
FCF Margin = 14.48% (FCF TTM 16848b / Revenue TTM 116382b)
Net Margin = 7.50% (Net Income TTM 8730b / Revenue TTM 116382b)
Gross Margin = 32.57% ((Revenue TTM 116382b - Cost of Revenue TTM 78476b) / Revenue TTM)
Gross Margin QoQ = 38.84% (prev 29.49%)
Tobins Q-Ratio = 0.70 (Enterprise Value 203123b / Total Assets 288246b)
Interest Expense / Debt = 7.23% (Interest Expense 7943b / Debt 109872b)
Taxrate = 33.27% (6207b / 18653b)
NOPAT = 17820b (EBIT 26707b * (1 - 33.27%))
Current Ratio = 1.26 (Total Current Assets 56991b / Total Current Liabilities 45280b)
Debt / Equity = 1.37 (Debt 109872b / totalStockholderEquity, last quarter 79924b)
Debt / EBITDA = 2.27 (Net Debt 96049b / EBITDA 42242b)
Debt / FCF = 5.70 (Net Debt 96049b / FCF TTM 16848b)
Total Stockholder Equity = 80883b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.97% (Net Income 8730b / Total Assets 288246b)
RoE = 10.79% (Net Income TTM 8730b / Total Stockholder Equity 80883b)
RoCE = 14.89% (EBIT 26707b / Capital Employed (Equity 80883b + L.T.Debt 98443b))
RoIC = 7.15% (NOPAT 17820b / Invested Capital 249382b)
WACC = 5.86% (E(107074b)/V(216946b) * Re(6.92%) + D(109872b)/V(216946b) * Rd(7.23%) * (1-Tc(0.33)))
Discount Rate = 6.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.94 | Cagr: -0.00%
[DCF] Terminal Value 73.10% ; FCFF base≈21392b ; Y1≈18759b ; Y5≈15157b
[DCF] Fair Price = 71.6k (EV 243283b - Net Debt 96049b = Equity 147234b / Shares 2.06b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -99.46 | EPS CAGR: -28.19% | SUE: 0.0 | # QB: 0
Revenue Correlation: -91.32 | Revenue CAGR: -7.97% | SUE: -0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.61 | Chg30d=+17.21% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.45 | Chg30d=+15.68% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=2.14 | Chg30d=+44.22% | Revisions=+50% | GrowthEPS=+83.0% | GrowthRev=+4.1%
EPS next Year (2027-12-31): EPS=1.60 | Chg30d=+14.55% | Revisions=+33% | GrowthEPS=-25.1% | GrowthRev=-1.3%
[Analyst] Revisions Ratio: +50%