Pertamina Gas Negara stock: Sucor keeps IDR 2,020 target for Pertamina Gas Negara stock
Published on 10/16/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view shapes valuation
- Sucor Sekuritas maintained its IDR 2,020 target for PGN on October 8, 2026.
- PGN had a price-to-earnings ratio of 6.56 on October 16, 2026.
- Pertamina Gas Negara stock cost EUR 0.07 at Lang & Schwarz on October 16, 2026 at 5:07 p.m. CEST, down 15.00 percent on the IDX.
- PGN's market capitalization stood at IDR 28.8 trillion on October 16, 2026.
Sucor Sekuritas maintained a buy recommendation for Pertamina Gas Negara with a target of IDR 2,020 on October 8, 2026, putting the target 69.75 percent above the IDX price of IDR 1,190 on October 16. According to Kontan, analyst Giovanus Marcell Lie set the target while projecting 2026 gas distribution volume of 878 BBTUD. Pertamina Gas Negara was trading at EUR 0.07 at Lang & Schwarz on October 16, 2026 at 5:07 p.m. CEST, down 15.00 percent on the IDX versus the prior close of October 15, 2026.
Gas volume supports the target
The analyst case rests on operating volume rather than a broad market re-rating. PGN has targeted gas distribution of 877 BBTUD for 2026, while Sucor's estimate of 878 BBTUD implies a 1 BBTUD gap to that company target. The same report said PGN secured an additional 5.45 BBTUD of supply from the Tungkal working area for 2026 through 2034. Supply availability remains important because the report also identified higher-cost LNG substitution and the Gunvor dispute as risks to margins and cash flow.
Price sits at the yearly low
PGN's IDX price was IDR 1,190 on October 16, 2026, compared with a 52-week high of IDR 2,520. The current level therefore stood 52.78 percent below that high and at the reported 52-week low. Trading volume reached 124,707,900 shares, versus an average volume of 29,775,409 shares, making the session volume 4.19 times the average.
Valuation and investor dates
PGN's market capitalization was IDR 28.8 trillion on October 16, 2026. Its price-to-earnings ratio was 6.56 and its trailing dividend yield was 0.11 percent. The IDR 2,020 Sucor target remains the clearest dated valuation marker in the recent analyst coverage, but the 69.75 percent gap to the IDX price leaves the forecast exposed to supply, LNG cost and legal risks.
Comparison with peers
Pertamina Gas Negara: minus 15.00 percent, P/E 6.56, market capitalization IDR 28.8 trillion.
PT Telekomunikasi Indonesia (IDX, IDR): minus 14.80 percent, P/E 10.97, market capitalization IDR 187.3 trillion.
PT Medco Energi Internasional (IDX, IDR): minus 14.85 percent, P/E 5.23, market capitalization IDR 31.9 trillion.
Price and investor perspective
The valuation gap and the volume spike give the stock a sharper market profile than its EUR 0.07 euro quote alone suggests. The next material reference for investors is whether gas distribution can approach the 878 BBTUD estimate while supply and dispute risks remain visible.
Pertamina Gas Negara was trading at EUR 0.07 at Lang & Schwarz on October 16, 2026 at 5:07 p.m. CEST, down 15.00 percent on the IDX versus the prior close of October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Pertamina Gas Negara stock.
Pertamina Gas Negara details
- Company: PT Perusahaan Gas Negara Tbk
- ISIN: ID1000111602
- Ticker: PGAS
- Price Lang & Schwarz (as of October 16, 2026, 5:07 p.m. CEST): EUR 0.07
- Change on IDX: minus 15.00 percent versus the prior close of October 15, 2026
- Market capitalization: IDR 28.8 trillion (as of October 16, 2026)
- 52-week range: IDR 1,190.00-2,520.00 (as of October 16, 2026)
- Price-to-earnings ratio: 6.56 (as of October 16, 2026)
- Dividend yield: 0.11 percent (as of October 16, 2026)
Market context: Current market reports.
