Repsol (OTCMKTS:REPYY) Sees Strong Trading Volume Following Analyst Upgrade

Repsol SA (OTCMKTS:REPYY) saw strong trading volume on Tuesday after Morgan Stanley upgraded the stock from an equal weight rating to an overweight rating. 291,654 shares were traded during mid-day trading, an increase of 133% from the previous session’s volume of 125,252 shares.The stock last traded at $27.2199 and had previously closed at $26.32.

Other equities research analysts have also recently issued research reports about the stock. Barclays reiterated an “overweight” rating on shares of Repsol in a research report on Friday, December 12th. Wall Street Zen upgraded shares of Repsol from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Zacks Research raised shares of Repsol from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. DZ Bank upgraded shares of Repsol from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Finally, The Goldman Sachs Group cut shares of Repsol from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Repsol has a consensus rating of “Moderate Buy”.

Repsol Stock Up 4.0%

The business’s 50 day simple moving average is $21.75 and its 200 day simple moving average is $19.47. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $30.24 billion, a PE ratio of 14.71, a PEG ratio of 0.52 and a beta of 0.18.

Repsol (OTCMKTS:REPYY) last announced its earnings results on Thursday, February 19th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Repsol had a net margin of 3.49% and a return on equity of 10.48%. The firm had revenue of $14.91 billion for the quarter, compared to analysts’ expectations of $14 billion. On average, equities research analysts forecast that Repsol SA will post 2.36 earnings per share for the current 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.