Repsol (OTCMKTS:REPYY) Shares Gap Up – What’s Next?

Shares of Repsol SA (OTCMKTS:REPYY) gapped up before the market opened on Friday. The stock had previously closed at $31.76, but opened at $33.62. Repsol shares last traded at $33.85, with a volume of 6,842 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Repsol in a research note on Wednesday, August 26th. HSBC reiterated a “buy” rating and set a $85.00 target price on shares of Repsol in a research note on Friday, September 25th. Santander downgraded shares of Repsol from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 22nd. UBS Group set a $90.00 price target on shares of Repsol in a research report on Friday, September 25th. Finally, Zacks Research upgraded shares of Repsol from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $87.50.

Repsol Stock Performance

The company has a 50-day simple moving average of $33.08 and a 200-day simple moving average of $27.25. The stock has a market cap of $37.83 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.20 and a beta of 0.07.

Repsol Company Profile

Repsol, SA is a Spain-based, integrated energy company engaged in the exploration, production, refining, distribution and marketing of energy products. Its operations include oil and natural gas exploration and production, refining, fuel distribution, service stations, lubricants, liquefied petroleum gas and petrochemicals.

The company also develops lower-carbon businesses, including renewable power generation, renewable fuels, hydrogen and energy solutions for residential and industrial customers.