Repsol (OTCMKTS:REPYY) Shares Climb 4.6% – Here’s What Happened

Repsol SA (OTCMKTS:REPYY) shares 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 trading, a decline of 75% from the average daily volume of 114,979 shares. The stock had previously closed at $32.25.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on REPYY. The Goldman Sachs Group reissued a “buy” rating on shares of Repsol in a research report on Friday, July 24th. HSBC reiterated a “buy” rating and set a $85.00 target price on shares of Repsol in a research note on Friday, September 25th. UBS Group set a $90.00 price target on shares of Repsol in a report on Friday, September 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Repsol in a research report on Thursday, September 3rd. Finally, Santander downgraded shares of Repsol from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 22nd. Two investment 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 company. According to MarketBeat.com, Repsol has an average rating of “Buy” and a consensus price target of $87.50.

Repsol Price Performance

The firm’s 50 day moving average price is $32.29 and its two-hundred day moving average price is $28.48. The stock has a market cap of $37.21 billion, a PE ratio of 13.25, a P/E/G ratio of 0.22 and a beta of 0.07.

About Repsol

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.