Repsol (OTCMKTS:REPYY) Stock Jumps 4.6% – Here’s Why
by Sarita Garza · The Markets DailyRepsol SA (OTCMKTS:REPYY – Get Free Report)’s stock price shot up 4.6% during trading on Thursday. The company traded as high as $33.7632 and last traded at $33.74. Approximately 28,330 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 114,979 shares. The stock had previously closed at $32.25.
Wall Street Analyst Weigh In
REPYY has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Repsol in a report on Friday, July 24th. Barclays restated an “overweight” rating on shares of Repsol in a report on Monday. Zacks Research raised shares of Repsol from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th. UBS Group set a $90.00 price target on shares of Repsol in a research report on Friday, September 25th. Finally, Citigroup reissued a “buy” rating on shares of Repsol in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $87.50.
Check Out Our Latest Report on REPYY
Repsol Stock Down 2.7%
The stock has a 50-day moving average price of $32.39 and a 200 day moving average price of $28.55. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.24 and a beta of 0.07.
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.