Repsol (OTCMKTS:REPYY) Shares Gap Up – Time to Buy?

Repsol SA (OTCMKTS:REPYY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $31.68, but opened at $32.38. Repsol shares last traded at $32.34, with a volume of 54,999 shares traded.

Analysts Set New Price Targets

REPYY has been the topic of several research analyst reports. HSBC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Repsol in a research note on Friday, September 25th. UBS Group set a $90.00 price target on shares of Repsol in a report on Friday, September 25th. Citigroup reiterated a “buy” rating on shares of Repsol in a research report on Wednesday, August 26th. Barclays reissued an “overweight” rating on shares of Repsol in a research note on Monday. Finally, Santander cut shares of Repsol from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Repsol presently has an average rating of “Buy” and a consensus target price of $87.50.

Repsol Trading Up 5.0%

The firm has a market capitalization of $37.44 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.23 and a beta of 0.07. The firm’s 50-day moving average is $32.35 and its 200 day moving average is $28.52.

About Repsol

Repsol, SA is a Spain-based integrated energy company engaged in oil and natural gas exploration and production, refining, transportation, marketing and power generation. The company serves consumers, businesses and industrial customers through operations spanning the energy value chain.

Its products and services include fuels for road, aviation and marine transportation; liquefied petroleum gas; lubricants; petrochemicals; and electricity and natural gas. Repsol also develops renewable energy projects, including solar and wind power, as well as lower-carbon fuels and other solutions intended to support the energy transition.

Founded in 1987, Repsol has expanded from its Spanish base into international markets across Europe, North America, Latin America and other regions.