Ecopetrol Shareholders Approve Bylaws Amendment in November Meeting

Ecopetrol SA ( (EC) ) has provided an update.

On November 11, 2025, Ecopetrol S.A. held an extraordinary General Shareholders’ Meeting where shareholders approved an amendment to the company’s bylaws. The meeting, which complied with Colombian legal requirements, also saw the appointment of Germán Ávila as Chair and the establishment of committees for elections and minutes review. The amendment approval reflects Ecopetrol’s ongoing efforts to adapt its governance structure, potentially impacting its strategic operations and stakeholder relations.

The most recent analyst rating on (EC) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.

Spark’s Take on EC Stock

According to Spark, TipRanks’ AI Analyst, EC is a Outperform.

Ecopetrol’s overall stock score reflects strong valuation metrics and bullish technical indicators, which are the most significant factors. The company’s financial performance is stable but challenged by high leverage and declining free cash flow. The mixed sentiment from the earnings call, with operational successes tempered by external financial pressures, also influences the score.

To see Spark’s full report on EC stock, click here.

More about Ecopetrol SA

Ecopetrol S.A. is the largest company in Colombia and a leading integrated energy company in the Americas, employing over 19,000 people. It is responsible for more than 60% of Colombia’s hydrocarbon production and is a key player in transportation, logistics, and refining systems. The company also has significant positions in petrochemicals, gas distribution, energy transmission, and telecommunications across the American continent.

Average Trading Volume: 1,934,257

Technical Sentiment Signal: Strong Buy

Current Market Cap: $20.34B

See more insights into EC stock on TipRanks’ Stock Analysis page.