Repsol SA (OTCMKTS:REPYY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $15.70 and last traded at $15.70, with a volume of 58580 shares traded. The stock had previously closed at $15.44.
The energy company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.23. Repsol had a return on equity of 8.99% and a net margin of 1.33%. The company had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $14.91 billion.
Repsol Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th were given a dividend of $0.4554 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a yield of 3.13%. Repsol's payout ratio is 143.75%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Barclays raised shares of Repsol from a "reduce" rating to an "overweight" rating in a research report on Thursday, May 22nd. BNP Paribas cut shares of Repsol from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 15th. Kepler Capital Markets lowered shares of Repsol from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Repsol from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Citigroup restated a "buy" rating on shares of Repsol in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Read Our Latest Research Report on REPYY
Repsol Stock Up 0.4%
The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 5.95 and a beta of 0.61. The stock's 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.03.
About Repsol
(
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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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