Bankinter raises target for Repsol stock to EUR 36.20

Published on 10/07/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA reached EUR 3.52 billion in the second quarter of 2026. Repsol stock costs EUR 28.74 on October 7, 2026 versus EUR 28.38.

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Repsol (ISIN ES0173516115) was trading at EUR 28.74 at Lang & Schwarz on October 7, 2026 at 10:36 a.m. CEST, up 1.27 percent versus the prior close of EUR 28.38. According to Merca2 on October 1, 2026, Bankinter raised its Repsol price target from EUR 30.10 to EUR 36.20 and maintained a Buy recommendation.

Bankinter lifts its valuation case

The new target stands 25.96 percent above the Lang & Schwarz price, calculated from EUR 36.20 against EUR 28.74. Bankinter linked the revision to higher oil and gas prices, stronger refining margins, balance-sheet improvement and shareholder remuneration, according to Merca2.

The same report said Repsol launched a EUR 500.00 million share buyback, equivalent to 1.70 percent of its market capitalization, after EUR 350.00 million had already been executed. It also described net debt of EUR 3.67 billion in the second quarter of 2026, down EUR 1.13 billion from the first quarter.

Refining drives the earnings picture

Repsol's adjusted EBITDA reached EUR 3.52 billion in the second quarter of 2026, compared with EUR 1.15 billion in the second quarter of 2025, according to Merca2. The Industrial division accounted for EUR 2.14 billion of that total, up from EUR 67.00 million a year earlier.

OCU Inversiones reported that Repsol's refining margin reached USD 14.00 per barrel in the second quarter of 2026, compared with USD 5.90 a year earlier. That 137.29 percent increase helps explain why refining has become the central earnings swing factor in the current investment case.

Next results arrive October 29

The next reporting date is October 29, 2026, for the third quarter of 2026, according to TradingView. The date gives investors a defined checkpoint for testing whether refining margins and operating momentum remain strong after the second-quarter jump.

Repsol stock holds above its prior close

Repsol stock was trading at EUR 28.74 at Lang & Schwarz on October 7, 2026 at 10:36 a.m. CEST, plus 1.27 percent versus the Lang & Schwarz prior close of EUR 28.38. The further course of trading is shown by the continuously updated real-time quote of Repsol stock.