Repsol (OTCMKTS:REPYY) Shares Gap Down – Here’s What Happened

Repsol SA (OTCMKTS:REPYY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $35.39, but opened at $34.17. Repsol shares last traded at $34.35, with a volume of 25,711 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on REPYY. Zacks Research raised Repsol from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Citigroup reiterated a “buy” rating on shares of Repsol in a research report on Wednesday, August 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Repsol in a report on Friday, July 24th. HSBC reaffirmed a “buy” rating and set a $85.00 target price on shares of Repsol in a report on Friday, September 25th. Finally, UBS Group set a $90.00 price target on shares of Repsol in a report on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $87.50.

Repsol Stock Up 0.2%

The company has a market cap of $37.38 billion, a PE ratio of 13.32, a P/E/G ratio of 0.26 and a beta of 0.02. The stock has a 50-day moving average of $31.97 and a 200-day moving average of $28.30.

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.