Repsol (OTCMKTS:REPYY) Shares Gap Up - Should You Buy?

Key Points

• Repsol's stock price increased from $16.75 to $17.73 before trading began, reflecting a 2.8% rise, indicating positive market sentiment.
• Analysts have mixed ratings for Repsol, with one strong buy, two buy, four hold, and one sell, leading to an average rating of "Hold."
• Repsol reported earnings of $0.64 per share for the previous quarter, surpassing expectations and indicating strong revenue performance of $16.48 billion.

Repsol SA (OTCMKTS:REPYY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.75, but opened at $17.73. Repsol shares last traded at $17.74, with a volume of 1,371 shares.

Wall Street Analysts Forecast Growth

REPYY has been the topic of several research analyst reports. Citigroup restated a "buy" rating on shares of Repsol in a research note on Thursday, July 10th. Berenberg Bank raised Repsol from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Zacks Research cut Repsol from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen raised Repsol from a "hold" rating to a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Repsol presently has an average rating of "Hold".

Repsol Stock Up 2.8%

The company has a market capitalization of $20.53 billion, a P/E ratio of 27.72 and a beta of 0.65. The stock has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $14.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.23. The company had revenue of $16.48 billion during the quarter, compared to analysts' expectations of $14.91 billion. Repsol had a return on equity of 9.06% and a net margin of 1.33%. Analysts predict that Repsol SA will post 2.36 earnings per share for the current fiscal year.

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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