EC vs. TRGP: Ecopetrol vs. Targa Resources Stock Comparison

November 11, 2026

How do Ecopetrol (EC) and Targa Resources (TRGP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ecopetrol (EC) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though EC is classified under Integrated Oil & Gas while TRGP falls under Oil & Gas Storage & Transportation.

Targa Resources (TRGP) trades as ordinary local shares, while Ecopetrol (EC) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ecopetrol (EC) and Targa Resources (TRGP)
Profile Item	EC	TRGP
Name	Ecopetrol S.A. Sponsored ADR	Targa Resources Corp.
Country/Region	Colombia	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Oil & Gas Storage & Transportation
Market Capitalization	31.97 billion USD	56.77 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 18, 2008	December 7, 2010
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

TRGP

GSPC

Ecopetrol (EC) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ecopetrol (EC) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ecopetrol (EC) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Total Return (1Y)	64.75%	61.02%
Total Return (3Y, Annualized)	23.69%	51.25%
Total Return (5Y, Annualized)	14.32%	39.54%

Risk Profile

Drawdown History

TRGP

GSPC

Ecopetrol (EC) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ecopetrol (EC) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Volatility (1Y, Annualized)	40.27%	29.62%
Beta (5Y)	0.45	0.79
Max Drawdown (5Y)	-48.60%	-31.61%
Avg. Volume (3M)	1.62M	1.21M

Risk-Adjusted Performance

Risk-Return Positioning

EC and TRGP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Sharpe Ratio (1Y)	1.50	1.92
Sortino Ratio (1Y)	2.38	2.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Ecopetrol (EC) at 15.95%, which is closer to a typical peer reading.

EC

Energy industry group

15.95%

Max: 53.85%
Q3: 24.79%
EC: 15.95%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TRGP

Energy industry group

73.42%

TRGP: 73.42%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Ecopetrol (EC) at 10.23% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EC

Energy industry group

10.23%

Max: 56.92%
Q3: 22.92%
EC: 10.23%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TRGP

Energy industry group

13.46%

Max: 56.92%
Q3: 22.92%
TRGP: 13.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Targa Resources (TRGP) at 19.58% runs core operations around its industry’s norm, while Ecopetrol (EC) at 0.00% operates in the bottom quartile.

EC

Energy industry group

0.00%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
EC: 0.00%
Min: -24.52%

TRGP

Energy industry group

19.58%

Max: 71.31%
Q3: 33.75%
TRGP: 19.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
ROE (TTM)	15.95%	73.42%
ROA (TTM)	7.31%	9.52%
Net Margin (TTM)	10.23%	13.46%
Operating Margin (TTM)	0.00%	19.58%
Gross Margin (TTM)	37.10%	41.82%

Growth

Revenue Growth

Targa Resources (TRGP) at 3.95% is around its peer norm for revenue growth, while Ecopetrol (EC) at -10.23% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Ecopetrol (EC) at -39.54% is closer to the peer norm — faster per-share earnings growth for TRGP.

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Revenue Growth (YoY)	-10.23%	3.95%
Revenue Growth (3Y CAGR)	-9.15%	-6.65%
EPS Growth (YoY)	-39.54%	46.92%
EPS Growth (3Y CAGR)	-35.34%	30.53%

Financial Strength

Current Ratio (MRQ)

Ecopetrol (EC) at 1.51 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.

EC

Energy industry group

1.51

Max: 3.64
Q3: 2.21
EC: 1.51
Median: 1.41
Q1: 0.88
Min: 0.24

TRGP

Energy industry group

0.74

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRGP: 0.74
Min: 0.24

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but TRGP is more stretched: Ecopetrol (EC) at 0.96 sits in the higher-leverage quartile and Targa Resources (TRGP) at 5.01 is above its industry benchmark range.

EC

Energy industry group

0.96

Max: 1.75
EC: 0.96
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

TRGP

Energy industry group

5.01

TRGP: 5.01
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Current Ratio (MRQ)	1.51	0.74
Debt / Equity (MRQ)	0.96	5.01
Net Debt / EBITDA	--	3.38

Dividends

Dividend Yield (TTM)

Ecopetrol (EC) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Targa Resources (TRGP) reports a yield of 1.75%, ranking against industry peers normally.

EC

Energy industry group

0.00%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
EC: 0.00%
Q1: 0.00%
Min: 0.00%

TRGP

Energy industry group

1.75%

Max: 8.57%
Q3: 3.58%
TRGP: 1.75%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ecopetrol (EC) at 36.09% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EC

Energy industry group

36.09%

Max: 133.24%
Q3: 53.31%
EC: 36.09%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TRGP

Energy industry group

39.82%

Max: 133.24%
Q3: 53.31%
TRGP: 39.82%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
Dividend Yield (TTM)	0.00%	1.75%
Dividend Payout Ratio (TTM)	36.09%	39.82%

Valuation

P/E Ratio (TTM)

Ecopetrol (EC) at 8.45 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.

EC

Energy industry group

8.45

Max: 39.54
Q3: 21.72
Median: 12.19
EC: 8.45
Q1: 7.71
Min: 2.99

TRGP

Energy industry group

23.42

Max: 39.54
TRGP: 23.42
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

A sales-based read is only available for Targa Resources (TRGP), whose P/S ratio of 3.12 ranks against industry peers; Ecopetrol (EC) reports no figure this period.

EC

Energy industry group

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00
EC: --

TRGP

Energy industry group

3.12

Max: 5.40
TRGP: 3.12
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Ecopetrol (EC) vs. Targa Resources (TRGP): EC does not report P/S ratio, so it has no value marker; TRGP is benchmarked against the Energy industry group.

P/B Ratio (MRQ)

Ecopetrol (EC) at 0.01 sits in the lower P/B ratio quartile relative to book while Targa Resources (TRGP) at 14.87 prices above its industry range — a wide valuation gap against assets.

EC

Energy industry group

0.01

Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
EC: 0.01
Min: 0.01

TRGP

Energy industry group

14.87

TRGP: 14.87
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Ecopetrol (EC) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Ecopetrol (EC) and Targa Resources (TRGP)
Metric	EC	TRGP
P/E Ratio (TTM)	8.45	23.42
P/S Ratio (TTM)	--	3.12
P/B Ratio (MRQ)	0.01	14.87
Free Cash Flow Yield (TTM)	38,006.99%	0.29%