BRI Danareksa raised target for Medco Energi Internasional stock
Published on 10/09/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- BRI Danareksa raised its Medco Energi Internasional target from IDR 2,200 to IDR 2,300 on October 7, 2026.
- First-half 2026 revenue reached USD 1.4147 billion, up 24.30 percent year on year, while net income rose 640.30 percent to USD 275.3 million.
- Oil and gas production reached 170.10 mboepd, up 19.00 percent year on year, with 2026 production guidance maintained at 165-170 mboepd.
- Lang & Schwarz quoted the stock at EUR 0.07 on October 9, 2026, unchanged from the prior close.
Medco Energi Internasional stock has a higher analyst target after BRI Danareksa raised its valuation from IDR 2,200 to IDR 2,300 on October 7, 2026, while maintaining a Buy rating, according to Investortrust.id. The target revision followed first-half production of 170.10 mboepd and a 2026 production range of 165-170 mboepd.
Three milestones shape the story
On September 9, 2026, MedcoEnergi reported first-half oil and gas production of 170.00 mboepd, up 19.00 percent year on year, according to Fortune Indonesia. On September 21, 2026, the company reported first-half revenue of USD 1,414.70 million, up 24.30 percent year on year, and net income of USD 275.30 million, up 640.30 percent, according to Quartr. On October 7, BRI Danareksa raised the target to IDR 2,300 from IDR 2,200.
What supports the higher target?
The operating comparison is the central figure: first-half oil and gas output rose 19.00 percent year on year to 170.10 mboepd, while power sales increased 16.50 percent to 2,323 GWh, according to Quartr. The same summary put first-half EBITDA at USD 805.10 million, up 29.30 percent, with a 56.90 percent margin.
BRI Danareksa's valuation case also includes higher projected production of 170 mboepd in 2026, 178 mboepd in 2027 and 179 mboepd in 2028. Its 2026 net income projection rose 27.00 percent to USD 492 million, while the report cited a 5.20 times projected 2027 price-to-earnings valuation.
Next operating dates
Investortrust.id reported that Sambar is targeted to begin partial production in the fourth quarter of 2026 and Rebonjaro in the first quarter of 2027. The same report placed first gas from Sakakemang in the third quarter of 2027, with planned capacity of 85 million standard cubic feet per day.
Stock holds at EUR 0.07
Medco Energi Internasional was trading at EUR 0.07 at Lang & Schwarz on October 9, 2026 at 11:06 a.m. CEST, unchanged from the prior close of EUR 0.07. On the IDX, the stock was last at IDR 1,430 on October 9, 2026, down 1.04 percent from IDR 1,445.
The further course of trading is shown by the continuously updated real-time quote of Medco Energi Internasional stock.
Medco Energi Internasional stock facts
- Company: PT Medco Energi Internasional Tbk
- ISIN: ID1000053705
- Ticker: MEDC
- Primary exchange: IDX
- Price Lang & Schwarz as of October 9, 2026, 11:06 a.m. CEST: EUR 0.07
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 0.07
- Market capitalization: IDR 35.9 trillion as of October 9, 2026
- Sector / Industry: Energy / oil and gas exploration and production
- Index membership: LQ45
Market context: Market report IDX Composite.
