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

Repsol SA (OTCMKTS:REPYY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.75, but opened at $17.73. Repsol shares last traded at $17.74, with a volume of 1,371 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Berenberg Bank raised Repsol from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Zacks Research lowered Repsol from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen raised Repsol from a “hold” rating to a “buy” rating in a report on Friday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Repsol in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Repsol has an average rating of “Hold”.

Repsol Stock Up 0.6%

The stock has a market cap of $20.75 billion, a PE ratio of 28.02 and a beta of 0.65. The company has a fifty day moving average price of $17.04 and a 200 day moving average price of $14.91.

Repsol (OTCMKTS:REPYY) last released its quarterly earnings data on Thursday, July 24th. The energy company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.41 by $0.23. The firm had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $14.91 billion. Repsol had a return on equity of 9.06% and a net margin of 1.33%. As a group, research analysts predict that Repsol SA will post 2.36 earnings per share for the current year.

Repsol Company Profile

Repsol, SA operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. The company's Industrial segment is involved in refining activities and petrochemicals business; the trading, transport, and sale of crude oil, natural gas, and fuels; and development of hydrogen, biomethane, sustainable biofuels, and synthetic fuels.