Wall Street Zen Upgrades Repsol (OTCMKTS:REPYY) to "Buy"

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 report sent to investors on Friday morning.

A number of other research firms also recently commented on REPYY. BNP Paribas downgraded Repsol from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 15th. Citigroup reiterated a "buy" rating on shares of Repsol in a report on Thursday, July 10th. Kepler Capital Markets downgraded Repsol from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Barclays upgraded Repsol from a "reduce" rating to an "overweight" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold".

Repsol Price Performance

OTCMKTS:REPYY traded down $0.08 during midday trading on Friday, reaching $14.97. 52,144 shares of the company traded hands, compared to its average volume of 131,763. Repsol has a twelve month low of $10.41 and a twelve month high of $16.20. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 4.88 and a beta of 0.67. The company has a fifty day moving average price of $14.62 and a 200 day moving average price of $13.14.

Repsol (OTCMKTS:REPYY - Get Free Report) last released 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. Repsol had a return on equity of 8.99% and a net margin of 1.33%. The business had revenue of $16.48 billion during the quarter, compared to analyst estimates of $14.91 billion. On average, equities research analysts forecast that Repsol will post 2.36 earnings per share for the current fiscal year.

Repsol Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were paid a $0.4554 dividend. The ex-dividend date was Monday, July 7th. This represents a yield of 313.0%. Repsol's payout ratio is 143.75%.

Repsol Company Profile

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.