Renta 4 raises target for Enagas stock from EUR 17.70 to EUR 20.30
Published on 10/07/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Enagas stock (ISIN ES0130960018) was trading at EUR 16.26 at Lang & Schwarz on October 7, 2026 at 1:58 p.m. CEST, plus 0.81 percent versus the prior close of EUR 16.13. According to Finanzas.com on September 29, 2026, Renta 4 raised its target for Enagas from EUR 17.70 to EUR 20.30.
Renta 4 sees regulatory support
Renta 4 linked the higher target to the proposed regulatory framework for 2027-2032. The bank estimated that the changes could lift Enagas' regulated revenue by EUR 75.0 million to EUR 80.0 million per year, or 10.00 percent of the previous base, according to Finanzas.com.
The target increase is 14.69 percent from EUR 17.70 to EUR 20.30. Renta 4 also said the valuation did not include hydrogen, which it valued at EUR 4.70 per share under conditions tied to regulation and project execution.
Castor work closes a costly chapter
On October 5, 2026, Enagas said it had permanently sealed all 13 Castor wells, installing three plugs in each well. The company put the estimated cost of the sealing work at EUR 241.0 million, pending final certifications.
Half-year earnings set the baseline
In the first half of 2026, Enagas reported EBITDA of EUR 314.0 million and net profit after tax of EUR 126.90 million, according to the Yahoo Finance transcript of the July 22, 2026 results presentation. Core profit excluding asset rotation was EUR 118.60 million.
Management retained a 2026 EBITDA target of EUR 620.0 million and a core net profit target of EUR 235.0 million. The half-year EBITDA figure equals 50.65 percent of the annual target, giving the regulatory debate and asset rotation a measurable earnings backdrop.
Stock remains below the target
At EUR 16.26, the Lang & Schwarz price stood EUR 4.04 below Renta 4's EUR 20.30 target on October 7, 2026. That gap is a market comparison, not a forecast, while the investment case still depends on final regulation, hydrogen execution and debt management.
The further course of trading is shown by the continuously updated real-time quote of Enagas stock.
Enagas stock at a glance
- Company: Enagás, S.A.
- ISIN: ES0130960018
- Ticker: ENG
- Primary exchange: BME
- Price Lang & Schwarz (as of October 7, 2026, 1:58 p.m. CEST): EUR 16.26
- Change versus prior close: plus 0.81 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 16.13
- Market capitalization: EUR 4.2 billion (as of October 7, 2026)
- 52-week range: EUR 13.02-EUR 17.94 (as of October 7, 2026)
- Sector / Industry: Utilities / Regulated Gas
