HELLENiQ ENERGY buys shares as Hellenic Petroleum stock trails EUR 20 target

Published on 10/13/2026 at 02:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised its target to EUR 20.00 on September 24, 2026. The buyback covered 20,000 shares by October 5, 2026.

Key points in brief

HELLENiQ ENERGY bought back 20,000 shares during the period ending October 2, 2026.
Goldman Sachs raised its target from EUR 17.80 to EUR 20.00 on September 24, 2026.
Second-quarter 2026 revenue reached EUR 4.29 billion and net income EUR 579.1 million.
The last Athens Exchange price was EUR 18.47 on October 12, 2026.

Motor Oil Hellas, GRS298343005, Illustration mit AI erstellt.

HELLENiQ ENERGY Holdings S.A. (formerly Hellenic Petroleum) had bought back 20,000 shares during the period from September 28 to October 2, 2026, according to HELLENiQ ENERGY. On September 24, 2026, Mononews reported that Goldman Sachs raised its target for the company from EUR 17.80 to EUR 20.00 and kept its Buy rating.

Three dated company developments

On August 5, 2026, HELLENiQ ENERGY reported second-quarter revenue of EUR 4.29 billion, up 76.00 percent from the second quarter of 2025, and net income of EUR 579.1 million, according to xrimatistirio.com.

Goldman Sachs published its September 24 target revision after forecasting adjusted third-quarter EBITDA of EUR 858 million, 135.00 percent above the comparable period in 2025 and 94.00 percent above the second quarter of 2026. The estimate makes refining margins the central earnings variable, while fuel discounts and support measures were identified as a counter-factor.

The October 5, 2026 buyback update covered 20,000 shares acquired during the preceding period. That purchase is small relative to the company's authorized program, but it gives the market a concrete capital-return signal alongside the higher analyst valuation.

What does the target imply for earnings?

At the last Athens Exchange price of EUR 18.47 on October 12, 2026, the EUR 20.00 target stood 7.65 percent above the price. The comparison is dated because the target belongs to September 24 while the market price belongs to October 12.

Three dates for investors

TickerLandia lists October 14, 2026 as the end date for the fuel discount extension and November 12, 2026 as the next quarterly results date. The November report will test whether the second-quarter revenue growth and refining earnings outlook translate into another strong operating period.

Last Athens price and valuation

The last Athens Exchange price was EUR 18.47 on October 12, 2026. The company had a market capitalization of EUR 5.6 billion on that date, while its 52-week range was EUR 7.63 to EUR 18.63, leaving the price 0.86 percent below the high.

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