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

Repsol SA (OTCMKTS:REPYY) gapped up prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Repsol in a research note on Wednesday, August 26th. Zacks Research upgraded Repsol from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Santander lowered shares of Repsol from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 22nd. HSBC reissued a “buy” rating and issued a $85.00 target price on shares of Repsol in a research report on Friday, September 25th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Repsol in a report on Friday, July 24th. Two 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $87.50.

Repsol Stock Performance

The company has a market capitalization of $35.43 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.23 and a beta of 0.07. The company has a 50-day simple moving average of $32.24 and a 200 day simple moving average of $28.46.

Repsol Company Profile

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.