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

Repsol, S.A. (OTCMKTS:REPYY) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on REPYY. Morgan Stanley lowered Repsol from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 29th. UBS Group raised Repsol to a “hold” rating in a research report on Monday, September 16th. BNP Paribas lowered Repsol from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein raised Repsol from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Citigroup raised Repsol to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Repsol Price Performance

The stock has a market cap of $15.63 billion, a P/E ratio of 4.40 and a beta of 0.74. The firm has a 50-day moving average price of $13.36 and a 200-day moving average price of $14.81. 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 announced its earnings results on Wednesday, July 24th. The energy company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Repsol had a return on equity of 14.92% and a net margin of 5.64%. The firm had revenue of $15.76 billion during the quarter. On average, analysts forecast that Repsol, S.A. will post 3.25 earnings per share for the current fiscal year.

Repsol Company Profile

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.