BRI Danareksa raises target for Medco Energi Internasional stock to IDR 2,300
Published on 10/12/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- BRI Danareksa raised its Medco Energi Internasional target to IDR 2,300 from IDR 2,200 on October 7, 2026.
- Six-month 2026 revenue reached IDR 24.3 trillion, up 31.6 percent year over year.
- Six-month 2026 net profit was IDR 4.7 trillion, up 684.1 percent year over year.
- The stock was at EUR 0.07 at Lang & Schwarz pre-market on October 12, 2026.
Medco Energi Internasional (ISIN ID1000053705) was at EUR 0.07 at Lang & Schwarz in pre-market trading on October 12, 2026. On October 7, 2026, BRIGHTS reported that BRI Danareksa raised its target from IDR 2,200 to IDR 2,300.
Three dated operating signals
On September 22, 2026, IndoPremier reported six-month 2026 revenue of IDR 24.3 trillion, up 31.6 percent from six-month 2025. The same statement put net profit at IDR 4.7 trillion, up 684.1 percent year over year. On October 7, 2026, BRIGHTS said production guidance for fiscal 2026 remained 165 to 170 mboepd after first-half production reached 170.1 mboepd. On October 12, 2026, MarketScreener reported that Medco agreed to acquire a 10 percent participating interest in four Eni oil and gas blocks.
What does the target revision change?
The revised IDR 2,300 target rests on higher estimates for fiscal 2026 through fiscal 2028 net profit of USD 492 million, USD 634 million and USD 672 million, respectively, BRIGHTS said on October 7, 2026. The report also lifted its production outlook from 170 mboepd in fiscal 2027 to 178 mboepd, a 4.6 percent increase.
That combination gives the analyst case two measurable drivers: higher expected output and stronger contributions from AMMN's copper and gold operations. BRIGHTS maintained its Buy rating and identified lower oil prices, AMMN delays and slower production-sharing-contract extensions as risks.
Kutai assets add operating scale
The October 12 agreement covers the Muara Bakau, Ganal, West Ganal and East Ganal blocks in East Kalimantan. The assets include production, development and exploration interests, as well as the Geliga gas field, estimated at 5 trillion cubic feet of gas and 300 million barrels of condensate, according to MarketScreener's report.
The transaction remains subject to applicable conditions, including Indonesian government approval. For investors, the immediate distinction is between the existing first-half earnings base and future production potential: IDR 24.3 trillion of six-month revenue is reported, while the Kutai assets add a longer-dated reserve and development component.
Stock holds at EUR 0.07
Medco Energi Internasional was trading at EUR 0.07 at Lang & Schwarz on October 12, 2026 at 9:41 a.m. CEST. The IDX quote was IDR 1,440 on October 12, 2026, while the 52-week range was IDR 1,005.00 to IDR 2,000.00.
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: Indonesia Stock Exchange
- Price Lang & Schwarz as of October 12, 2026, 9:41 a.m. CEST: EUR 0.07
- Market capitalization: IDR 35.5 trillion as of October 12, 2026
- 52-week range: IDR 1,005.00-2,000.00 as of October 12, 2026
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report IDX Composite.
