Ecopetrol SA ADR

NYSE: EC · ENERGY · OIL & GAS INTEGRATED

$12.79

-3.13% today

Updated 2026-06-05

Market cap

$34.09B

P/E ratio

12.28

P/S ratio

1.07x

EPS (TTM)

$1.35

Dividend yield

3.92%

52W range

$8 – $17

Volume

3.2M

Market cap

$34.09B

P/E ratio

12.28

P/S ratio

1.07x

EPS (TTM)

$1.35

Dividend yield

3.92%

52W range

$8 – $17

Volume

3.2M

Ecopetrol SA ADR (EC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

EC · Ecopetrol SA ADR · Price target summary

Current

$12.79

Consensus

$11.50

-10.09%

2030 Target

$893.26

+6884.05%

DCF

—

Current price

$12.79

Analyst consensus

$11.50

-10.09%

2030 Target

$893.26

+6884.05%

Intrinsic (DCF)

—

7 analysts:

0 Buy6 Hold2 Sell

Management guidance

No specific revenue guidance disclosed by CEO Ricardo Roa in recent statements. CEO indicated that Ecopetrol is positioned to benefit from higher oil prices driven by geopolitical tensions and is pursuing renewable energy expansion. Management plans to invest COP 22-27 trillion in 2026, but no explicit revenue targets for 2026-2030 were stated.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

EC · Ecopetrol SA ADR · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$596.52

$159.8B Rev × 8x P/S

Base case (2030)

$893.26

$159.8B Rev × 12x P/S

Bull case (2030)

$1,489.78

$159.8B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$111481.6B	$122.8B	$128.9B	$137.5B	$147.9B	$159.8B
Revenue growth	-16.4%	2.6%	5.0%	6.7%	7.5%	8.0%
EPS	$1.11	$2.85	$3.12	$3.48	$3.91	$4.38
P/S ratio	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	$687.36	$720.66	$769.11	$826.64	$893.26

EC · Ecopetrol SA ADR · Catalysts & risks

Growth catalysts

+ Major natural gas discovery off Colombian coast (6+ Tcf confirmed reserves) supporting production growth

+ Oil price strength from Middle East geopolitical tensions benefiting integrated cash generation

+ Strategic renewable energy expansion and energy transition initiatives attracting ESG-focused capital

+ Debt refinancing via $1.25B USD loan reducing cost of capital and optimizing maturity profile

+ Recovery in Colombian oil production as upstream projects mature (Permian Basin contributing)

Key risks

- Colombian government policy interference and labor unrest threatening operational stability

- Oil price volatility directly impacts revenue given commodity-dependent business model

- Execution risk on renewable energy transition while maintaining core oil & gas production

- Geopolitical risks in Colombia affecting political stability and investment climate

- Analyst consensus shows downward revisions (6 holds vs. previous buy ratings) signaling caution

Methodology

Ecopetrol SA ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.