Bankinter raised target for Repsol stock from EUR 30.10 to EUR 36.20

Published on 10/08/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Production reached 574 Kboe/d, up 2.90 percent year over year. Repsol stock costs EUR 29.29 on October 8, 2026, up 2.16 percent from EUR 28.67.

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Repsol stock (ISIN ES0173516115) was trading at EUR 29.29 at Lang & Schwarz on October 8, 2026 at 11:40 a.m. CEST, plus 2.16 percent versus the prior close of EUR 28.67. Bankinter had raised its target for Repsol from EUR 30.10 to EUR 36.20 on October 5, 2026, according to Estrategias de Inversion.

Refining margin jumps in the third quarter

Repsol's October 6 trading statement estimated total third-quarter production at 574 Kboe/d, up 2.90 percent from the second quarter and 4.20 percent from the third quarter of 2025. The Spain refining margin indicator reached USD 36.20 per barrel, up 158.60 percent from USD 14.00 in the second quarter, according to CNMV.

The operating update also estimated consolidated production at 354 Kboe/d, 6.30 percent above the second quarter and 4.10 percent above the year-earlier period. Distillation utilization in Spanish refining was 81.30 percent, compared with 78.60 percent in the second quarter, showing that the margin improvement came alongside higher plant utilization.

Target depends on operating momentum

Bankinter's higher EUR 36.20 target gives the refining margin a central role in its Repsol view. The target is EUR 6.91 above the Lang & Schwarz price, while the latest company update also showed a 6.60 percent quarter-on-quarter decline in average dated Brent to USD 97.00 per barrel, a counter-factor for upstream earnings.

The same trading statement estimated the chemical margin at EUR 387.00 per tonne, down 32.00 percent from the second quarter but up 50.00 percent from the third quarter of 2025. Repsol is scheduled to publish its final third-quarter results on October 29, 2026, according to CNMV. That report will determine how much of the provisional margin strength reaches reported earnings.

Repsol stock stays below yearly high

Repsol stock was trading at EUR 29.29 at Lang & Schwarz on October 8, 2026 at 11:40 a.m. CEST, plus 2.16 percent versus the prior close of EUR 28.67. Its 52-week range was EUR 13.96 to EUR 31.64, and market capitalization stood at EUR 31.9 billion on October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Repsol stock.