Repsol (OTCMKTS:REPYY) Shares Gap Down – Time to Sell?

Shares of Repsol SA (OTCMKTS:REPYY) gapped down prior to trading on Tuesday. The stock had previously closed at $35.39, but opened at $34.17. Repsol shares last traded at $34.35, with a volume of 25,711 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on REPYY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Repsol in a report on Thursday, September 3rd. UBS Group set a $90.00 price target on Repsol in a research note on Friday. Citigroup reaffirmed a “buy” rating on shares of Repsol in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Repsol in a report on Friday, July 24th. Finally, Zacks Research raised shares of Repsol from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $87.50.

Repsol Trading Down 4.4%

The firm’s 50 day simple moving average is $31.77 and its 200 day simple moving average is $28.19. The firm has a market cap of $37.40 billion, a PE ratio of 13.32, a PEG ratio of 0.27 and a beta of 0.02.

Repsol Company Profile

Repsol, SA is a Spain-based integrated energy company engaged in oil and natural gas exploration and production, refining, transportation, marketing and power generation. The company serves consumers, businesses and industrial customers through operations spanning the energy value chain.

Its products and services include fuels for road, aviation and marine transportation; liquefied petroleum gas; lubricants; petrochemicals; and electricity and natural gas. Repsol also develops renewable energy projects, including solar and wind power, as well as lower-carbon fuels and other solutions intended to support the energy transition.

Founded in 1987, Repsol has expanded from its Spanish base into international markets across Europe, North America, Latin America and other regions.