Renta 4 lifts target for Enagas stock to EUR 20.30

Published on 10/13/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enagas reports third-quarter results on October 20, 2026. Enagas stock costs EUR 16.54 on October 13, 2026, plus 0.36 percent versus the BME close.

Renta 4 raised its Enagas target from EUR 17.70 to EUR 20.30 on September 28, 2026.
Third-quarter results are scheduled for October 20, 2026, with consensus revenue of EUR 234.4 million.
Enagas stock costs EUR 16.54 at Lang & Schwarz on October 13, 2026 at 1:12 p.m. CEST, plus 0.36 percent versus the BME close of October 12, 2026.
The stock trades at a P/E of 19.75 and has a market capitalization of EUR 4.3 billion.

Schwarzweiß-Reportagefoto von Technikern bei der Inspektion einer Gaspipeline — Enagás S.A. (ISIN ES0130960018) überwacht Gasnetze, gezeigt in dieser dokumentarischen Schwarzweiß-Aufnahme von Technikern, Illustration mit AI erstellt.

Renta 4 raised its Enagas target from EUR 17.70 to EUR 20.30 on September 28, 2026, giving the new target 22.73 percent upside to the EUR 16.54 Lang & Schwarz price. Capitalbolsa reported that the bank also maintained its overweight rating. The price was EUR 16.54 at Lang & Schwarz on October 13, 2026 at 1:12 p.m. CEST, or 0.36 percent above the BME close of October 12, 2026 at EUR 16.48.

Regulation lifts the target

The Renta 4 assessment links the higher valuation to Spain's planned gas framework for 2027 through 2032. The bank estimates that the new framework could add EUR 75 million to EUR 80 million in annual regulated revenue, while its EUR 20.30 target excludes the potential EUR 4.70 per share contribution from hydrogen. Those figures put the debate around Enagas on regulation and execution rather than on a single near-term earnings release.

Results arrive on October 20

Enagas is scheduled to report third-quarter results on October 20, 2026, before the market opens, according to MyPortfolio. The calendar lists consensus earnings per share of EUR 0.26 and expected revenue of EUR 234.4 million for the period. That date gives the target revision a near-term test: the next report can show whether regulated operations are translating into the forecast path.

Stock stays below its yearly high

At EUR 16.54, Enagas stock sits 7.80 percent below its 52-week high of EUR 17.94 and 27.04 percent above its 52-week low of EUR 13.02, both as of October 13, 2026. The Lang & Schwarz bid was EUR 16.53 and the ask was EUR 16.54 at 1:12 p.m. CEST, while volume was 102,369 shares against an average of 651,578.

Valuation and peer comparison

Enagas had a market capitalization of EUR 4.3 billion, a P/E of 19.75 and a trailing dividend yield of 6.00 percent as of October 13, 2026. The valuation is higher than the quoted P/E of Naturgy but above the P/E of Snam, leaving income and regulated cash flow as the central comparison points.

Comparison with peers

Enagas (BME, EUR): plus 0.36 percent, P/E 19.75, market capitalization EUR 4.3 billion.

Naturgy (BME, EUR): plus 0.26 percent, P/E 13.82, market capitalization EUR 28.2 billion.

Snam (Borsa Italiana, EUR): plus 0.46 percent, P/E 16.75, market capitalization EUR 19.1 billion.

Trading below the yearly high

The price of EUR 16.54 at Lang & Schwarz on October 13, 2026 at 1:12 p.m. CEST stood EUR 0.06, or 0.36 percent, above the BME close of October 12, 2026 at EUR 16.48. The further course of trading is shown by the continuously updated real-time quote of Enagas stock.