Berenberg Bank Upgrades Repsol (OTCMKTS:REPYY) to Strong-Buy

Key Points

• Berenberg Bank has upgraded Repsol from a "hold" rating to a "strong-buy" rating, signaling positive confidence in the company.
• Shares of Repsol are currently trading at around $15.05, with a 52-week range between $10.41 and $16.20.
• In its latest earnings report, Repsol exceeded expectations by posting $0.64 earnings per share, surpassing the consensus estimate of $0.41.

Repsol (OTCMKTS:REPYY - Get Free Report) was upgraded by stock analysts at Berenberg Bank from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

REPYY has been the subject of several other reports. Wall Street Zen raised shares of Repsol from a "hold" rating to a "buy" rating in a report on Friday. Citigroup reissued a "buy" rating on shares of Repsol in a report on Thursday, July 10th. Kepler Capital Markets cut shares of Repsol from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays raised shares of Repsol from a "reduce" rating to an "overweight" rating in a report on Thursday, May 22nd. Finally, BNP Paribas cut shares of Repsol from a "neutral" rating to an "underperform" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Repsol Stock Performance

Shares of REPYY opened at $15.05 on Wednesday. Repsol has a fifty-two week low of $10.41 and a fifty-two week high of $16.20. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 4.95 and a beta of 0.67. The firm has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $13.13.

Repsol (OTCMKTS:REPYY - Get Free Report) last announced its earnings results on Thursday, July 24th. The energy company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.23. Repsol had a net margin of 1.33% and a return on equity of 8.99%. The business had revenue of $16.48 billion during the quarter, compared to the consensus estimate of $14.91 billion. Equities research analysts forecast that Repsol will post 2.36 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.