Ecopetrol SA ADR logo

Ecopetrol SA ADR(EC)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
SELL
SELL for 1 day
PROFIT SINCE LAST BUY
+0.3% ▲
LAST CLOSE
$16.58
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for EC

09/25/2026: EC (2-star) is a SELL. SELL for 1 day. Simulated Profits (0.30%). Updated daily EoD!

Ecopetrol SA is a major integrated energy company primarily focused on oil and gas exploration, production, and refining in Colombia. The firm benefits from a strong domestic market position and critical midstream infrastructure, providing steady cash flow potential. Its primary growth opportunity lies in its strategic transition toward renewable energy and electricity transmission through the acquisition of ISA. However, investors face significant risks, including high volatility in commodity prices, exposure to regional political shifts, and regulatory uncertainty. This stock is best suited for dividend-focused or value-oriented investors who can tolerate cyclical volatility and who monitor national energy policy developments closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company's focus is on steady production and energy transition rather than high-growth scaling.
Momentum investorMixed fitStrong fit when global oil price trends align with positive momentum signals.
Value investorStrong fitThe stock often trades at attractive multiples relative to peers due to regional risk pricing.
Dividend investorStrong fitEcopetrol has historically offered high dividend yields, making it attractive for income-focused portfolios.
Low-risk investorWeak fitHigh volatility associated with commodity prices and geopolitical risks makes it unsuitable for low-risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighDirect exposure to crude oil market price fluctuations significantly impacts quarterly revenue and profits.
Valuation riskMediumThe stock's valuation is often compressed by country-specific risk premiums.
Competition risk (Oil & Gas production)Medium / highGlobal majors possess larger capital budgets and more diverse asset bases.
Business qualityMediumWhile operationally strong, the integration with state policy introduces idiosyncratic risk.
Dividend incomeMedium / highDividends are variable and depend on company profitability and government approval.
Execution riskMediumChallenges in executing large-scale energy transition projects could hamper long-term value.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -7.03%
Avg. Invested days 38
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
EC receives a 3-star rating, supported by solid unit economics. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
EC has moderate overall fundamentals (3 stars), with solid financial health, soft growth momentum, and soft ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 14.5%) is partially offset by negative earnings growth (-39.3%), negative revenue growth (-16.4%), soft profitability (net margin 7.5%).

Financial Health Rating

★★★★★
EC's financial health is supported by strong cash strength, including free-cash-flow generation of $16195.0B (14.5% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
EC's growth profile is soft, with the least-weak measure being revenue growth at -16.4% FY2025 versus FY2024. By comparison, while earnings growth (-39.3%, negative) and free-cash-flow growth (-50.2%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 1.4% and approximately 23.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 0.13%
Vanguard Fiduciary Trust Co 0.09%
Charles Schwab Investment Management Inc 0.08%
Connor Clark & Lunn Inv Mgmt Ltd 0.08%
Vanguard Capital Management, LLC 0.06%

Unit Economics (Per $1K Revenue)

★★★★★
EC generates approximately $314 of gross profit, $223 of operating income, and $145 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 31.42%

Quantitative Style Profile

★★★★★
EC has a high-quality, large-cap, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap Stability

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 34.09B USD
Price to earnings Ratio 7.97
1Y Target Price 13.91
Price to earnings Ratio 7.97
1Y Target Price 13.91
Volume (30-day avg) 1.6M shares
Beta -0.05
52 Weeks Range 8.16 - 18.38
Updated Date 09/27/2026
52 Weeks Range 8.16 - 18.38
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 2.08

How Company Makes Money

Business areaWhat it includesRetail investor read
Exploration and ProductionExtraction and sale of crude oil and natural gas.This is the primary engine of the business, where profitability depends on global oil prices.
Refining and PetrochemicalsProcessing crude into fuel products.Refining margins provide a buffer when crude prices are lower.
Transport and LogisticsPipeline operations.Stable, regulated revenue stream providing reliable cash flow.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 7.97
Forward PE 5.67
Enterprise Value 62.14B
Price to Sales(TTM) 0.88
Enterprise Value 62.14B
Price to Sales(TTM) 0.88
Enterprise Value to Revenue 1.62
Enterprise Value to EBITDA 4.01
Shares Outstanding 2.06B
Shares Floating 473.17M
Shares Outstanding 2.06B
Shares Floating 473.17M
Percent Insiders -
Percent Institutions 1.44

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Ecopetrol SA ADR

Exchange NYSE
Headquarters -
IPO Launch date 2007-08-27
CEO -
Sector Energy
Industry Oil & Gas Integrated
Full time employees -
Full time employees -

Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels. The Refining and Petrochemicals segment refines and processes crude oil at the Barrancabermeja and Cartagena refineries; and distributes natural gas and LPG. The energy Transmission and Toll Roads Concessions segment supplies transmission and information technology and telecommunications services, as well as designs, develops, constructs, operates, and maintains road and energy infrastructure projects. The company operates in Colombia, the United States, China, Brazil, India, Singapore and other Asian countries, Peru, Chile, Other South America countries, Central America and the Caribbean, and Europe. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.