Zacks Investment Research Downgrades Repsol (OTCMKTS:REPYY) to Sell

Zacks Investment Research lowered shares of Repsol (OTCMKTS:REPYY) from a hold rating to a sell rating in a research note issued to investors on Wednesday, reports.

According to Zacks, “Repsol SA explores for, develops and produces crude oil products and natural gas, transports petroleum products and liquified petroleum gas and refines petroleum. In addition, the Company produces a variety of petrochemicals and markets petroleum products, petroleum derivatives, LPG and natural gas. “

Several other analysts have also recently commented on REPYY. Berenberg Bank restated a hold rating on shares of Repsol in a research note on Thursday, May 7th. Jefferies Financial Group upgraded shares of Repsol from a hold rating to a buy rating in a research note on Thursday, July 16th. ValuEngine upgraded shares of Repsol from a sell rating to a hold rating in a research note on Thursday, July 2nd. Sanford C. Bernstein upgraded shares of Repsol from a market perform rating to an outperform rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley cut shares of Repsol from an overweight rating to a hold rating in a research note on Friday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $10.00.

REPYY stock opened at $7.81 on Wednesday. The firm has a 50 day moving average of $8.92 and a 200 day moving average of $10.25. The stock has a market capitalization of $12.17 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00. Repsol has a 52 week low of $6.30 and a 52 week high of $17.33.

Repsol (OTCMKTS:REPYY) last announced its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. Repsol had a negative net margin of 18.32% and a positive return on equity of 4.12%. The business had revenue of $11.55 billion during the quarter. Sell-side analysts anticipate that Repsol will post 0.49 earnings per share for the current year.

Repsol Company Profile

Repsol, SA operates as an integrated energy company worldwide. Its Upstream segment engages in the exploration and development of crude oil and natural gas reserves. The company's Downstream segment in involved in refining and petro chemistry; trading and transportation of crude oil and oil products; marketing of oil products, petrochemical, and LPG; the marketing, transport, and regasification of natural gas and liquefied natural gas (LNG); and generation and marketing of electricity.

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