Eni signs Indonesian gas deals. Barclays sets EUR 32.00 target for Eni stock

Published on 10/13/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni sells 10 percent stakes in seven Indonesian blocks to Pertamina and Medco. Eni stock costs EUR 25.50 on October 13, 2026 versus the EUR 32.00 target.

Eni signed two agreements on October 12, 2026 to sell 10 percent interests in seven Indonesian upstream blocks.
Pertamina and Medco are the buyers, while Eni retains exposure through its 50 percent Searah joint venture with Petronas.
Eni stock was at EUR 25.50 at Lang & Schwarz on October 13, 2026 at 9:15 a.m. CEST.
Barclays maintained a Buy rating and a EUR 32.00 target on October 5, 2026.

Bauhaus-style graphic poster with abstract geometric electricity sparks in green and blue, text ENERGIA ROMA — Enel IT0003132476 Bauhaus-Poster abstrakte Stromfunken Geometrie Grün Blau Weiß Text ENERGIA ROMA, Illustration mit AI erstellt.

Eni (IT0003132476) signed two Indonesian asset-sale agreements on October 12, 2026, while Barclays maintained a Buy rating and a EUR 32.00 target on October 5, 2026. Eni stock was at EUR 25.50 at Lang & Schwarz on October 13, 2026 at 9:15 a.m. CEST, giving investors a live price against the latest broker valuation.

Seven Indonesian blocks change hands

According to Eni on October 12, 2026, the company will sell 10 percent interests in three production-sharing contracts to Pertamina and 10 percent interests in four contracts to Medco. The assets include the producing Merakes, East Merakes and Jangkrik gas fields, alongside the North Hub and South Hub developments.

The transaction covers seven Indonesian blocks, but completion still depends on governmental and regulatory approvals. Eni said recent exploration at Geng North and Geliga identified more than 10 trillion cubic feet of gas and 650 million barrels of condensate, adding a quantified value-creation argument to the portfolio reshaping.

What does the target imply?

According to Markets Insider on October 5, 2026, Barclays kept its Buy rating and set a EUR 32.00 target. Against the EUR 25.50 Lang & Schwarz price, that target is 25.49 percent above the price, while the price is 20.31 percent below the target.

Eni's latest investor materials list adjusted EBIT of EUR 8.9 billion and adjusted net profit of EUR 3.6 billion for the first half of 2026. The same materials identify organic capital expenditure of EUR 3.7 billion and operating cash flow before working-capital changes of EUR 7.3 billion for that period, figures that frame the Indonesian disposals as part of a broader capital-allocation strategy.

Results arrive on October 23

Eni's investor calendar schedules the third-quarter 2026 results for October 23, 2026. The next company update therefore arrives after the Indonesia agreements and will give investors a fresh reference point for operating performance, cash generation and the effect of portfolio transactions.

Stock remains below target

Eni stock was at EUR 25.50 at Lang & Schwarz on October 13, 2026 at 9:15 a.m. CEST. The EUR 32.00 Barclays target places the current euro price 20.31 percent below that broker reference. The further course of trading is shown by the continuously updated real-time quote of Eni stock.