Repsol (REPYY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Repsol (OTCMKTS:REPYY) from a hold rating to a sell rating in a research report report published on Wednesday morning.

According to Zacks, “Repsol SA explores for, develops and produces crude oil products and natural gas, transports petroleum products and liquified petroleum gas and refines petroleum. In addition, the Company produces a variety of petrochemicals and markets petroleum products, petroleum derivatives, LPG and natural gas. “

Several other research firms have also issued reports on REPYY. Royal Bank of Canada lowered Repsol from a sector perform rating to a sell rating and set a $19.00 target price for the company. in a research report on Friday, October 19th. JPMorgan Chase & Co. upgraded Repsol from an underweight rating to an overweight rating in a research report on Tuesday, September 11th. Berenberg Bank began coverage on Repsol in a research report on Tuesday, September 11th. They issued a buy rating for the company. Deutsche Bank upgraded Repsol from a hold rating to a buy rating in a research report on Wednesday, September 19th. Finally, Barclays upgraded Repsol from an equal weight rating to an overweight rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.33.

Repsol stock opened at $16.57 on Wednesday. The stock has a market cap of $25.81 billion, a PE ratio of 9.47, a P/E/G ratio of 1.01 and a beta of 1.23. Repsol has a 1 year low of $16.22 and a 1 year high of $20.46.

Repsol (OTCMKTS:REPYY) last posted its earnings results on Wednesday, October 31st. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The company had revenue of $15.38 billion for the quarter. Repsol had a return on equity of 8.19% and a net margin of 5.67%. Equities research analysts predict that Repsol will post 1.84 earnings per share for the current fiscal year.

Repsol Company Profile

Repsol, SA operates as an integrated energy company worldwide. Its Upstream segment engages in the exploration and development of crude oil and natural gas reserves. The company's Downstream segment in involved in refining and petro chemistry; trading and transportation of crude oil and oil products; commercialization of oil products, petrochemical, and LPG; and the commercialization, transport, and regasification of natural gas and liquefied natural gas (LNG).

Further Reading: Liquidity

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