Repsol (OTCMKTS:REPYY) Shares Gap Up – Time to Buy?

Repsol SA (OTCMKTS:REPYY) shares gapped up before the market opened on Thursday . The stock had previously closed at $26.34, but opened at $27.90. Repsol shares last traded at $27.67, with a volume of 13,629 shares.

Wall Street Analysts Forecast Growth

REPYY has been the topic of a number of research analyst reports. Zacks Research cut Repsol from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Royal Bank Of Canada upgraded Repsol from an “underperform” rating to an “outperform” rating in a research report on Thursday, March 12th. The Goldman Sachs Group upgraded Repsol from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. HSBC upgraded Repsol from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, DZ Bank upgraded Repsol from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Repsol Price Performance

The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.30 and a beta of 0.01. The company has a 50-day moving average of $26.09 and a 200-day moving average of $22.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.54.

Repsol (OTCMKTS:REPYY) last released its earnings results on Thursday, April 30th. The energy company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). Repsol had a return on equity of 11.52% and a net margin of 4.40%.The business had revenue of $18.14 billion for the quarter, compared to analyst estimates of $20.33 billion. As a group, equities research analysts predict that Repsol SA will post 4.7 earnings per share for the current year.

Repsol Company Profile

Repsol is a Spanish integrated energy company engaged across the full oil and gas value chain and increasingly in low?carbon energy businesses. Its core activities include upstream exploration and production of oil and natural gas, midstream operations such as liquefied natural gas (LNG) trading and logistics, and downstream refining, petrochemicals, and fuel marketing. The company also supplies lubricants, specialty chemicals and related industrial products, and operates a widespread network of retail fuel stations and convenience services.

Founded in 1987, Repsol has grown from a national refiner into a global energy player through international exploration, production projects and commercial expansion.