Goldman Sachs raises target for Ecopetrol stock to USD 17.70

Published on 10/17/2026 at 20:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 35.00 percent in second-quarter 2026. Ecopetrol stock traded at USD 17.90 on October 16, 2026, up 1.13 percent versus USD 17.70.

Analyst target and quarterly growth

Goldman Sachs lifted its Ecopetrol target to USD 17.70 on October 7, 2026.
Revenue rose 35.00 percent in the second quarter of 2026.
Ecopetrol stock traded at USD 17.90 on October 16, 2026, 1.13 percent above the prior close of October 15, 2026.
The next earnings date is November 10, 2026.

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Goldman Sachs raised its Ecopetrol target from USD 15.40 to USD 17.70 on October 7, 2026, while keeping a Neutral rating, according to Markets Insider. Ecopetrol stock last traded at USD 17.90 on the New York Stock Exchange on October 16, 2026 at 4:00 p.m. ET, up 1.13 percent from the USD 17.70 prior close.

Quarterly revenue sets the operating backdrop

Ecopetrol reported COP 40.20 trillion in revenue for the second quarter of 2026, a 35.00 percent increase from the same quarter of 2025. Net income reached COP 6.06 trillion, up 235.00 percent year over year, while EBITDA rose 59.00 percent to COP 17.70 trillion, according to Yahoo Finance. The result gives the analyst target a clear operating reference, although the reported figures are denominated in Colombian pesos.

Price position and trading range

The October 16 session ran from USD 17.57 to USD 18.02, leaving the last price USD 0.48 below the 52-week high of USD 18.38 and USD 9.33 above the 52-week low of USD 8.57. Trading volume was 2,278,974 shares against an average of 1,719,231, or 32.55 percent above the average.

Valuation and the next reporting date

Ecopetrol's market capitalization stood at USD 36.8 billion on October 16, 2026. The trailing P/E ratio was 9.32 and the dividend yield was 0.04 percent. The next earnings date is November 10, 2026, according to MetaCap.

Comparison with peers

Ecopetrol (NYSE, USD): plus 1.13 percent, P/E 9.32, market capitalization USD 36.8 billion
Petrobras (NYSE, USD): plus 2.77 percent, P/E 6.37, market capitalization USD 167.6 billion
YPF (NYSE, USD): plus 1.94 percent, P/E minus 52.52, market capitalization USD 20.4 billion

What the next price check covers

The analyst target of USD 17.70 sits below the latest USD 17.90 price, so the market quote has already moved above that level. The main calendar marker is November 10, 2026, while the second-quarter figures remain the latest reported operating reference.