Renta 4 raises target for Enagas stock as shares fall 2.33 percent

Published on 10/05/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit after tax reached EUR 126.90 million. Enagas stock costs EUR 16.36 on October 5, 2026 versus EUR 16.75 prior close.

Isometrische 3D-Illustration der Gas-Wertschöpfungskette von Tanker bis Pipeline-Netz — Enagás S.A. (ISIN ES0130960018) verbindet Tanker, Terminals und Pipelines zu einer klaren Wertschöpfungskette, Illustration mit AI erstellt.

Enagas stock was trading at EUR 16.36 at Lang & Schwarz on October 5, 2026, down 2.33 percent from the prior close of EUR 16.75. The latest analyst catalyst is Renta 4's decision on September 28, 2026, to raise its price target from EUR 17.70 to EUR 20.30 while maintaining an overweight rating, as Bolsamania reported.

Renta 4 backs the new framework

The revised valuation centers on Spain's proposed gas remuneration framework for 2027-2032. Renta 4 estimates that the changes could improve Enagas' regulated revenue by EUR 75 million to EUR 80 million annually, while its EUR 20.30 target still excludes potential hydrogen value, according to Bolsamania. At the Lang & Schwarz price, the target stands 19.41 percent above the stock price.

Half-year earnings set the baseline

Enagas reported EBITDA of EUR 314.00 million and net profit after tax of EUR 126.90 million for the first six months of 2026. Core profit excluding asset rotation effects was EUR 118.60 million, figures presented in the company's half-year earnings call and reproduced by Yahoo Finance.

Management also reiterated 2026 targets of EUR 620.00 million in EBITDA and EUR 235.00 million in core net profit after tax, excluding asset rotation effects. That comparison gives investors a direct reference point for the first-half delivery: EBITDA had reached EUR 314.00 million by June 30, 2026.

Stock remains below the target

Enagas is listed on BME under ticker ENG.MC and ISIN ES0130960018, according to Global Banking and Finance. Its market capitalization was EUR 4.3 billion as of October 5, 2026, while the 52-week range was EUR 13.02 to EUR 17.94.

At EUR 16.36, the Lang & Schwarz quote stood 2.33 percent below its EUR 16.75 prior close on October 5, 2026 at 5:15 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enagas stock.