Repsol SA (OTCMKTS:REPYY) Short Interest Update

Key Points

• Repsol SA's short interest decreased by 19.3% in August, with total short interest falling to 106,500 shares from 132,000 shares at the end of July.
• The company reported a quarterly EPS of $0.64, surpassing the consensus estimate of $0.41, with revenues of $16.48 billion compared to expectations of $14.91 billion.
• Repsol recently cut its dividend payout to $0.4554 per share, which represents an unusual yield of 313.0%, indicating a high dividend payout ratio of 143.75%.

Repsol SA (OTCMKTS:REPYY - Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 106,500 shares, a drop of 19.3% from the July 31st total of 132,000 shares. Based on an average daily volume of 88,200 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 88,200 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on REPYY shares. Barclays upgraded shares of Repsol from a "reduce" rating to an "overweight" rating in a report on Thursday, May 22nd. Kepler Capital Markets downgraded shares of Repsol from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. 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 shares of Repsol from a "hold" rating to a "buy" rating in a research note on Friday, August 1st. Finally, Zacks Research raised shares of Repsol from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Repsol Price Performance

REPYY stock remained flat at $17.06 during mid-day trading on Friday. 45,903 shares of the company's stock traded hands, compared to its average volume of 42,163. The firm has a market cap of $19.75 billion, a P/E ratio of 26.66, a PEG ratio of 5.11 and a beta of 0.69. Repsol has a 52 week low of $10.41 and a 52 week high of $17.22. The stock's fifty day moving average is $15.82 and its two-hundred day moving average is $13.96.

Repsol (OTCMKTS:REPYY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The energy company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.23. The company had revenue of $16.48 billion during the quarter, compared to analyst estimates of $14.91 billion. Repsol had a net margin of 1.33% and a return on equity of 9.06%. On average, equities research analysts expect that Repsol will post 2.36 EPS for the current year.

Repsol Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were issued 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 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.