Ecopetrol (NYSE:EC) Rating Lowered to Hold at Zacks Research

Posted by Stanley Muller on Jun 24th, 2026

Ecopetrol (NYSE:EC – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

EC has been the subject of a number of other reports. Wall Street Zen upgraded Ecopetrol from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings raised Ecopetrol from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. UBS Group upped their price objective on Ecopetrol from $13.50 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup cut shares of Ecopetrol from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ecopetrol from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ecopetrol currently has an average rating of “Reduce” and an average target price of $13.14.

View Our Latest Research Report on EC

Ecopetrol Price Performance

NYSE EC opened at $15.51 on Monday. The firm’s 50 day moving average is $14.51 and its 200-day moving average is $12.97. Ecopetrol has a 12-month low of $8.27 and a 12-month high of $17.75. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $31.89 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.46.

Ecopetrol (NYSE:EC – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas company reported $0.50 earnings per share for the quarter. Ecopetrol had a return on equity of 12.38% and a net margin of 8.84%. Equities research analysts anticipate that Ecopetrol will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecopetrol

A number of hedge funds have recently added to or reduced their stakes in EC. Smartleaf Asset Management LLC bought a new position in Ecopetrol during the 2nd quarter worth $25,000. ORG Partners LLC boosted its position in shares of Ecopetrol by 301.3% during the 4th quarter. ORG Partners LLC now owns 2,568 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 1,928 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Ecopetrol by 221.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,898 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 2,685 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Ecopetrol in the third quarter valued at about $40,000. Finally, Inspire Investing LLC bought a new position in shares of Ecopetrol in the fourth quarter worth about $88,000.

About Ecopetrol

(Get Free Report)

Ecopetrol SA (NYSE: EC) is Colombia’s state-controlled integrated oil and gas company and the country’s largest oil producer. The company’s operations span the upstream, midstream and downstream segments of the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refining of petroleum products, transportation and storage via pipeline networks, and the marketing and sale of fuels and petrochemical feedstocks. Ecopetrol serves domestic demand in Colombia and maintains a portfolio of international investments and partnerships across the Americas.

In upstream activities, Ecopetrol focuses on exploration and development of onshore and offshore fields to sustain and grow hydrocarbon production.