Repsol (OTCMKTS:REPYY) Posts Earnings Results, Beats Expectations By $0.23 EPS

Key Points

• Repsol reported $0.64 earnings per share, exceeding the consensus estimate of $0.41, with revenue reaching $16.48 billion compared to an estimate of $14.91 billion.
• The company announced a dividend cut, with a recently paid dividend of $0.4554 per share, resulting in a yield of 3.13% and a dividend payout ratio of 92.00%.
• Analyst ratings for Repsol vary, with one analyst rating the stock as a sell, four as hold, and two as buy, leading to a current consensus rating of "Hold".

Repsol (OTCMKTS:REPYY - Get Free Report) posted its earnings results on Thursday. The energy company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.41 by $0.23, Zacks reports. The company had revenue of $16.48 billion during the quarter, compared to analyst estimates of $14.91 billion. Repsol had a return on equity of 8.99% and a net margin of 1.33%.

Repsol Price Performance

Shares of OTCMKTS REPYY traded down $0.63 during mid-day trading on Wednesday, reaching $15.57. 29,697 shares of the company's stock traded hands, compared to its average volume of 133,433. Repsol has a 1-year low of $10.41 and a 1-year high of $16.20. The stock has a market cap of $18.02 billion, a P/E ratio of 24.33, a PEG ratio of 5.97 and a beta of 0.61. The business has a 50-day simple moving average of $14.49 and a 200 day simple moving average of $13.07.

Repsol Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were issued a $0.4554 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend was Monday, July 7th. Repsol's payout ratio is 143.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup restated a "buy" rating on shares of Repsol in a report on Thursday, July 10th. Kepler Capital Markets downgraded shares of Repsol from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. BNP Paribas downgraded Repsol from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Repsol from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barclays upgraded shares of Repsol from a "reduce" rating to an "overweight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Repsol has an average rating of "Hold".

About Repsol

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.