Repsol (OTCMKTS:REPYY) Announces Earnings Results, Beats Expectations By $0.18 EPS

Key Points

• Repsol reported quarterly EPS of $2.85, beating analysts’ consensus estimate of $2.67 by $0.18. The company posted a 5.81% net margin and 9.96% return on equity.
• Shares rose 3.3% to $32.81 following the results, giving Repsol a market capitalization of approximately $36.27 billion.
• Analysts maintain a generally positive view, with a consensus “Buy” rating and an average price target of $87.50, despite Santander downgrading the stock to “Neutral.”

Repsol (OTCMKTS:REPYY - Get Free Report) released its earnings results on Thursday. The energy company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.18, Zacks reports. Repsol had a net margin of 5.81% and a return on equity of 9.96%.

Repsol Stock Up 3.3%

Shares of OTCMKTS REPYY traded up $1.05 on Thursday, hitting $32.81. The company had a trading volume of 40,257 shares, compared to its average volume of 111,594. Repsol has a 12-month low of $17.75 and a 12-month high of $35.98. The business has a 50 day moving average of $33.05 and a two-hundred day moving average of $27.18. The firm has a market capitalization of $36.27 billion, a P/E ratio of 12.92, a PEG ratio of 0.21 and a beta of 0.07.

Wall Street Analysts Forecast Growth

REPYY has been the topic of a number of research analyst reports. Santander cut Repsol from an "outperform" rating to a "neutral" rating in a report on Tuesday, September 22nd. UBS Group set a $90.00 price objective on Repsol in a report on Friday, September 25th. Barclays reiterated an "overweight" rating on shares of Repsol in a report on Monday, October 5th. Royal Bank Of Canada reissued an "outperform" rating on shares of Repsol in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Repsol in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $87.50.

About Repsol

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.

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