Repsol (OTCMKTS:REPYY) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Repsol, S.A. (OTCMKTS:REPYY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.36 and traded as low as $12.66. Repsol shares last traded at $12.84, with a volume of 165,992 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on REPYY. Sanford C. Bernstein upgraded Repsol from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd. BNP Paribas downgraded Repsol from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley downgraded Repsol from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 29th. Citigroup upgraded Repsol to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upgraded Repsol to a “hold” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Repsol Price Performance

The firm has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $14.81. The stock has a market capitalization of $15.63 billion, a P/E ratio of 4.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 1.54.

Repsol (OTCMKTS:REPYY) last released its quarterly earnings results on Wednesday, July 24th. The energy company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $15.76 billion for the quarter. Repsol had a return on equity of 14.92% and a net margin of 5.64%. As a group, analysts expect that Repsol, S.A. will post 3.25 EPS for the current fiscal 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.