Sanford C. Bernstein Downgrades Repsol (OTCMKTS:REPYY) to Hold

Repsol (OTCMKTS:REPYY) was downgraded by Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on REPYY. UBS Group upgraded shares of Repsol to a “hold” rating in a report on Monday, September 16th. BNP Paribas downgraded Repsol from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered shares of Repsol from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 29th. Finally, Citigroup upgraded shares of Repsol to a “strong-buy” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Repsol has an average rating of “Moderate Buy”.

Repsol Trading Up 1.6 %

Shares of REPYY traded up $0.19 during midday trading on Wednesday, hitting $12.40. The stock had a trading volume of 315,650 shares, compared to its average volume of 119,935. The business has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $14.26. The firm has a market cap of $15.09 billion, a P/E ratio of 6.53 and a beta of 0.74. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30. Repsol has a fifty-two week low of $11.94 and a fifty-two week high of $17.61.

Repsol (OTCMKTS:REPYY) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). Repsol had a net margin of 3.74% and a return on equity of 13.09%. The business had revenue of $14.95 billion for the quarter. As a group, equities analysts forecast that Repsol will post 3.26 EPS for the current 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.