Repsol (OTCMKTS:REPYY) Shares Gap Up – Here’s Why

Shares of Repsol SA (OTCMKTS:REPYY) gapped up prior to trading on Thursday . The stock had previously closed at $26.34, but opened at $27.90. Repsol shares last traded at $27.67, with a volume of 13,629 shares traded.

Analysts Set New Price Targets

Several analysts have commented on REPYY shares. The Goldman Sachs Group raised shares of Repsol from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. DZ Bank raised shares of Repsol from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. HSBC raised shares of Repsol from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Morgan Stanley raised shares of Repsol from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen raised shares of Repsol from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Repsol presently has an average rating of “Buy”.

Repsol Trading Up 3.2%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market cap of $30.50 billion, a PE ratio of 11.04, a PEG ratio of 0.29 and a beta of 0.01. The stock’s 50 day simple moving average is $26.12 and its 200 day simple moving average is $22.72.

Repsol (OTCMKTS:REPYY) last announced its quarterly earnings data on Thursday, April 30th. The energy company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $18.14 billion during the quarter, compared to the consensus estimate of $20.33 billion. Repsol had a return on equity of 11.52% and a net margin of 4.40%. On average, sell-side analysts forecast that Repsol SA will post 4.7 earnings per share for the current fiscal year.

Repsol Company Profile

Repsol is a Spanish integrated energy company engaged across the full oil and gas value chain and increasingly in low‑carbon energy businesses. Its core activities include upstream exploration and production of oil and natural gas, midstream operations such as liquefied natural gas (LNG) trading and logistics, and downstream refining, petrochemicals, and fuel marketing. The company also supplies lubricants, specialty chemicals and related industrial products, and operates a widespread network of retail fuel stations and convenience services.

Founded in 1987, Repsol has grown from a national refiner into a global energy player through international exploration, production projects and commercial expansion.