Repsol (OTCMKTS:REPYY) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Repsol (OTCMKTS:REPYYGet Rating) from a hold rating to a strong-buy rating in a research report released on Friday, Zacks.com reports. They currently have $18.00 price target on the energy company’s stock.

According to Zacks, “Repsol SA explores for, develops and produces crude oil products and natural gas, transports petroleum products and liquified petroleum gas and refines petroleum. In addition, the Company produces a variety of petrochemicals and markets petroleum products, petroleum derivatives, LPG and natural gas. “

REPYY has been the topic of a number of other reports. Royal Bank of Canada increased their target price on shares of Repsol from €13.00 ($13.54) to €16.00 ($16.67) in a research report on Friday, April 29th. UBS Group upped their price target on shares of Repsol from €13.50 ($14.06) to €14.50 ($15.10) and gave the company a buy rating in a report on Friday, April 29th. The Goldman Sachs Group raised shares of Repsol from a neutral rating to a buy rating in a report on Wednesday, April 13th. Jefferies Financial Group raised shares of Repsol from a hold rating to a buy rating in a report on Wednesday, April 6th. Finally, Barclays upped their price target on shares of Repsol from €14.50 ($15.10) to €16.00 ($16.67) in a report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $15.17.

OTCMKTS REPYY opened at $15.26 on Friday. The firm has a market capitalization of $23.30 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.47 and a beta of 0.84. Repsol has a 12-month low of $10.28 and a 12-month high of $15.84. The firm’s fifty day simple moving average is $14.10 and its two-hundred day simple moving average is $12.97.

Repsol (OTCMKTS:REPYYGet Rating) last released its quarterly earnings results on Thursday, February 17th. The energy company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. Repsol had a net margin of 5.70% and a return on equity of 13.50%. The firm had revenue of $17.62 billion during the quarter. On average, analysts forecast that Repsol will post 3.93 EPS for the current year.

Repsol Company Profile (Get Rating)

Repsol, SA operates as an integrated energy company worldwide. Its Exploration and Production segment engages in the exploration, development, and production of crude oil and natural gas reserves. The company's Industrial segment is involved in refining activities and petrochemicals business; the trading and transportation of crude oil and oil products; and the sale, transportation, and regasification of natural gas and liquefied natural gas (LNG).

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