Repsol (OTCMKTS:REPYY) Shares Gap Up - Here's Why

Repsol SA (OTCMKTS:REPYY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.54, but opened at $15.12. Repsol shares last traded at $14.97, with a volume of 1,119 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BNP Paribas lowered Repsol from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 15th. Barclays upgraded Repsol from a "reduce" rating to an "overweight" rating in a research report on Thursday, May 22nd. Finally, Kepler Capital Markets lowered Repsol from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Repsol presently has an average rating of "Hold".

Repsol Stock Up 1.2%

The business has a 50-day moving average price of $13.72 and a 200-day moving average price of $12.74. The firm has a market capitalization of $17.40 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 4.94 and a beta of 0.61.

Repsol (OTCMKTS:REPYY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $14.79 billion during the quarter, compared to analysts' expectations of $14.79 billion. Repsol had a return on equity of 9.33% and a net margin of 2.06%. On average, equities research analysts anticipate that Repsol SA will post 2.36 earnings per share for the current year.

Repsol Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be given a $0.4554 dividend. The ex-dividend date is Monday, July 7th. This represents a yield of 3.13%. Repsol's payout ratio is 91.00%.

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.