Analysts Downgrades Ecopetrol (EC) but Raises Price Target

With an annual dividend yield of 4.23%, Ecopetrol S.A. (NYSE:EC) is included among the 10 High Yield Crude Oil Stocks to Buy Now.

Analysts Downgrades Ecopetrol (EC) but Raises Price Target

With a workforce of over 18,000, Ecopetrol S.A. (NYSE:EC) is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent.

On June 4, Citi analyst Andres Cardona downgraded Ecopetrol S.A. (NYSE:EC) from ‘Buy’ to ‘Neutral’, but raised the firm’s price target on the stock from $14 to $18. The target boost indicates an upside of almost 19% from the current levels.

The downgrade is primarily driven by valuation concerns, as Ecopetrol S.A. (NYSE:EC) has surged by over 48% since the beginning of 2026. The analyst firm attributed the rally to the soaring oil prices and optimism regarding Colombia’s upcoming elections.

Moreover, Citi sees “significant” for EC if the bear case plays out. The firm believes that Colombia’s oil and gas output will eventually decline, significantly impacting the country’s energy trade balance and Ecopetrol’s cash flow outlook.

If such a scenario plays out, the analyst expects the stock to trade at around $10/ADR even in a relatively high oil price environment.

While we acknowledge the risk and potential of EC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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