Repsol (OTCMKTS:REPYY) Raised to Buy at Wall Street Zen

Key Points

• Repsol's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, reflecting optimism about the company's performance.
• The company reported earnings of $0.64 per share, exceeding analyst expectations of $0.41, along with a revenue of $16.48 billion for the quarter.
• Repsol's shares have fluctuated between a 12-month low of $10.41 and a high of $16.20, currently trading at $15.25.

Wall Street Zen upgraded shares of Repsol (OTCMKTS:REPYY - Free Report) from a hold rating to a buy rating in a research note released on Friday.

Other analysts have also recently issued reports about the company. Citigroup reissued a "buy" rating on shares of Repsol in a report on Thursday, July 10th. Kepler Capital Markets cut Repsol from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays raised Repsol from a "reduce" rating to an "overweight" rating in a report on Thursday, May 22nd. Finally, BNP Paribas cut Repsol from a "neutral" rating to an "underperform" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Repsol Stock Performance

Repsol stock traded down $0.20 during mid-day trading on Friday, reaching $15.05. 46,655 shares of the company were exchanged, compared to its average volume of 56,833. Repsol has a twelve month low of $10.41 and a twelve month high of $16.20. The firm's 50-day simple moving average is $14.58 and its two-hundred day simple moving average is $13.11. The firm has a market cap of $17.42 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 4.95 and a beta of 0.67.

Repsol (OTCMKTS:REPYY - Get Free Report) last posted 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. Repsol had a return on equity of 8.99% and a net margin of 1.33%. The company had revenue of $16.48 billion during the quarter, compared to analysts' expectations of $14.91 billion. As a group, equities research analysts anticipate that Repsol will post 2.36 EPS for the current year.

Repsol Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were given a $0.4554 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a dividend yield of 313.0%. Repsol's payout ratio is currently 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.