Ecopetrol S.A. (NYSE:EC) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

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 March 23, Goldman Sachs increased its price target on Ecopetrol S.A. (NYSE:EC) from $8.70 to $13, while keeping a ‘Neutral’ rating on the shares. The raised target still indicates a downside of over 13% from the current share price.

Ecopetrol S.A. (NYSE:EC) received another boost earlier on March 18 when the company, along with Petrobras, confirmed a significant natural gas discovery off the Colombian coast. According to the two partners, the find confirms the ‘presence beyond the primary objective, making this an even more significant discovery’. The Sirius area holds estimated reserves of more than 6 Tcf, making it the largest ever gas discovery in Colombia. The area is expected to produce up to 249 mcf/d of gas from 2030.

With a robust annual dividend yield of 11.07%, Ecopetrol S.A. (NYSE:EC) was recently included in our list of the 13 Oil Stocks with Highest Dividends.

While we acknowledge the potential of EC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 14 Best Energy Stocks to Buy According to Wall Street Analysts and 8 Best Oil and Gas Penny Stocks to Buy Now

Disclosure: None. Follow Insider Monkey on Google News.