Medco Energi Internasional, ID1000053705

Medco Energi Internasional stock carries an IDR 2,200 target

Published on 10/07/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Medco Energi Internasional stock was trading at IDR 1,450 on October 7, 2026. First-half net income rose 796.60 percent to USD 275.31 million.

Medco Energi Internasional, ID1000053705, Illustration mit AI erstellt.

Medco Energi Internasional (ISIN ID1000053705) was trading at IDR 1,450 on the Indonesia Stock Exchange on October 7, 2026, up 0.69 percent at 2:21 p.m. WIB. The stock remains 27.5 percent below its 52-week high of IDR 2,000, while first-half operating data point to a sharp earnings recovery.

Analyst target stays at IDR 2,200

BRIGHTS reported on September 10, 2026, that BRI Danareksa Sekuritas maintained a Buy rating and an IDR 2,200 sum-of-the-parts target for Medco. That target lies 51.7 percent above the October 7 price.

The research highlighted 170,000 barrels of oil equivalent per day in first-half production, up 18.9 percent year over year and at the upper end of Medco's 2026 guidance. The same report identified lower oil prices, weaker production delivery, project delays, higher cash costs and a slower AMMN smelter ramp-up as risks.

First-half profit jumps sharply

Kontan reported on September 23, 2026, that Medco's first-half net income reached USD 275.31 million. The figure was 796.60 percent above USD 30.70 million in the first half of 2025.

The comparison matters because the earnings increase was not tied to a single price statistic. Kontan linked the result to higher oil and gas production, new projects and contributions from mining investments, giving investors several operating drivers to track.

Production reaches guidance ceiling

Kontan reported on October 1, 2026, that first-half oil and gas production reached 170,000 boepd, versus 165,000 to 170,000 boepd in Medco's 2026 target. Production therefore sits at the top of the stated range, leaving realized prices and project execution as the next measurable earnings variables.

Medco stock trades below yearly high

Medco stock had a market capitalization of IDR 35.8 trillion and volume of 18,686,000 shares on October 7, 2026. Its 52-week range was IDR 1,005 to IDR 2,000, placing the current price 44.3 percent above the low and 27.5 percent below the high.