Repsol (OTCMKTS:REPYY) Reaches New 1-Year High - Here's Why

Key Points

• Repsol's stock price hit a new 52-week high at $17.93, reflecting significant trading activity with a volume of 5,120 shares.
• Analysts have generally upgraded Repsol, with major firms like Zacks and Wall Street Zen raising their ratings to "strong-buy" and "buy," indicating positive sentiment towards the stock.
• Repsol reported earnings per share of $0.64 for its last quarter, surpassing estimates, and declared a substantial dividend with a yield of 313.0%, despite a high payout ratio of 143.75%.

Repsol SA (OTCMKTS:REPYY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $17.93 and last traded at $17.92, with a volume of 5120 shares. The stock had previously closed at $17.45.

Wall Street Analyst Weigh In

REPYY has been the subject of several research reports. Wall Street Zen raised Repsol from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Zacks Research raised Repsol from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Citigroup reaffirmed a "buy" rating on shares of Repsol in a report on Thursday, July 10th. Finally, Berenberg Bank raised Repsol from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Repsol has an average rating of "Moderate Buy".

Repsol Trading Up 2.8%

The firm has a market cap of $20.76 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 5.11 and a beta of 0.69. The business has a 50-day moving average of $16.15 and a two-hundred day moving average of $14.17.

Repsol (OTCMKTS:REPYY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The energy company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.23. The business had revenue of $16.48 billion for the quarter, compared to analyst estimates of $14.91 billion. Repsol had a return on equity of 9.06% and a net margin of 1.33%. As a group, equities analysts expect that Repsol SA will post 2.36 EPS for the current year.

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 given a $0.4554 dividend. This represents a dividend yield of 313.0%. The ex-dividend date was Monday, July 7th. Repsol's payout ratio is 143.75%.

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.

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