Repsol (OTCMKTS:REPYY) Shares Gap Up – Should You Buy?

Shares of Repsol SA (OTCMKTS:REPYY) gapped up before the market opened on Friday. The stock had previously closed at $31.76, but opened at $33.62. Repsol shares last traded at $33.85, with a volume of 6,842 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reissued an “overweight” rating on shares of Repsol in a research note on Monday, October 5th. Santander cut shares of Repsol from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 22nd. Citigroup reaffirmed a “buy” rating on shares of Repsol in a report on Wednesday, August 26th. Zacks Research raised Repsol from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Finally, UBS Group set a $90.00 price objective on Repsol in a research report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $87.50.

Repsol Stock Performance

The company has a market capitalization of $37.83 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.20 and a beta of 0.07. The company has a 50-day moving average price of $33.08 and a 200-day moving average price of $27.25.

About Repsol

Repsol, SA is a Spain-based, integrated energy company engaged in the exploration, production, refining, distribution and marketing of energy products. Its operations include oil and natural gas exploration and production, refining, fuel distribution, service stations, lubricants, liquefied petroleum gas and petrochemicals.

The company also develops lower-carbon businesses, including renewable power generation, renewable fuels, hydrogen and energy solutions for residential and industrial customers.