Medco Energi Internasional stock falls 1.37 percent on October 8

Medco Energi Internasional (ISIN ID1000053705) carried a market capitalization of IDR 35.5 trillion on the Indonesia Stock Exchange on October 8, 2026. The stock was last at IDR 1,440 at 2:54 p.m. WIB, down 1.37 percent from IDR 1,460.

First half profit reached USD 275 million

RMOL reported on September 22, 2026 that MedcoEnergi generated USD 275 million in net income attributable to parent-company owners during the first half of 2026. Revenue reached USD 1.415 billion, EBITDA was USD 805 million and gross profit stood at USD 588 million.

Oil and gas production reached 170 mboepd in the first half, against full-year 2026 guidance of 165-170 mboepd. The company also reported electricity sales of 2,323 GWh, while net debt to EBITDA for the Restricted Group stood at 1.4x against guidance of 2.5x.

Analysts raise the target to IDR 2,300

According to Investortrust on October 7, 2026, BRI Danareksa Sekuritas raised its Medco target to IDR 2,300 from IDR 2,200 and maintained a Buy rating. The research lifted its 2027 net profit forecast by 51 percent to USD 634 million and raised its 2027 production forecast from 174 mboepd to 178 mboepd.

The same report said the broker valued Medco at 5.2 times projected 2027 earnings, 28 percent below its five-year average. The operational case rests on production growth from Sambar, Rebonjaro and Sakakemang, while higher capital spending can affect cash generation as projects advance.

Medco stock stays below yearly high

At IDR 1,440 on October 8, 2026, Medco stock stood 28 percent below its 52-week high of IDR 2,000 and above the low of IDR 1,005. Trading volume reached 33,541,100 shares, giving investors a dated view of the session rather than a company-specific price catalyst.

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