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

Repsol SA (OTCMKTS:REPYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $19.50, but opened at $18.95. Repsol shares last traded at $19.04, with a volume of 3,377 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on REPYY shares. Berenberg Bank upgraded shares of Repsol from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada restated a “sector perform” rating on shares of Repsol in a research report on Friday, October 31st. Wall Street Zen upgraded Repsol from a “hold” rating to a “buy” rating in a research report on Friday, August 1st. DZ Bank cut Repsol from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Zacks Research cut Repsol from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Repsol has an average rating of “Hold”.

Repsol Stock Performance

The company has a 50-day moving average of $17.93 and a 200-day moving average of $15.88. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 29.59 and a beta of 0.62.

Repsol (OTCMKTS:REPYY) last released its earnings results on Thursday, October 30th. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $15.28 billion. Repsol had a return on equity of 9.06% and a net margin of 1.33%. As a group, analysts anticipate that Repsol SA will post 2.36 EPS for the current fiscal year.

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.