Repsol (OTCMKTS:REPYY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Repsol's trading volume surged to 1,676,992 shares, a 1,267% increase from the previous day's volume of 122,665 shares, with the stock price rising to $18.41 from $18.10.
• Multiple brokerages upgraded Repsol's stock ratings, with Berenberg Bank raising it from "hold" to "strong-buy" and Zacks Research also upgrading it to "strong-buy".
• The company recently reported earnings of $0.64 per share, exceeding estimates, and declared a dividend with a yield of 313.0%, although its payout ratio is particularly high at 143.75%.

Shares of Repsol SA (OTCMKTS:REPYY - Get Free Report) saw an uptick in trading volume on Friday . 1,676,992 shares were traded during trading, an increase of 1,267% from the previous session's volume of 122,665 shares.The stock last traded at $18.41 and had previously closed at $18.10.

Analyst Upgrades and Downgrades

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

Repsol Price Performance

The stock has a 50-day moving average price of $16.27 and a 200-day moving average price of $14.24. The company has a market capitalization of $21.28 billion, a P/E ratio of 28.73, a P/E/G ratio of 5.36 and a beta of 0.69.

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

Repsol Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.4554 per share. This represents a yield of 313.0%. The ex-dividend date was Monday, July 7th. Repsol's dividend payout ratio (DPR) is presently 143.75%.

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.

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