Repsol, SA (OTCMKTS:REPYY – Get Rating) saw strong growth in short-term interest in August. As of August 31, there were short interests totaling 44,000 shares, an 87.2% growth from the total of 23,500 shares as of August 15. Based on an average daily volume of 119,000 shares, the short interest rate is currently 0.4 days.

Repsol stock up 0.6%

Shares of OTCMKTS REPYY rose $0.08 during Wednesday’s trading, hitting $12.80. 30,215 shares of the company were traded, against an average volume of 121,447. The company has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $13.84. The stock has a market capitalization of $19.55 billion, a PE ratio of 4.49, a P/E/G ratio of 0.39 and a beta of 0.70. Repsol has a 52-week low of $10.89 and a 52-week high of $17.31.

Repsol (OTCMKTS:REPYY – Get Rating) last announced its quarterly results on Thursday, July 28. The energy company reported earnings per share (EPS) of $1.55 for the quarter, beating consensus analyst estimates of $1.39 by $0.16. The company had revenue of $22.30 billion for the quarter. Repsol had a net margin of 5.67% and a return on equity of 19.37%. As a group, research analysts predict Repsol will post EPS of 4.36 for the current year.

Repsol increases its dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 14. Investors of record on Wednesday July 6 received a dividend of $0.277. This is an increase from Repsol’s previous dividend of $0.26. The ex-dividend date was Tuesday, July 5. This represents a dividend yield of 3.68%. Repsol’s dividend payout ratio (DPR) is currently 18.25%.

Wall Street analysts predict growth

REPYY has been the subject of several research reports. JPMorgan Chase & Co. cut its price target on Repsol shares from €17.50 ($17.86) to €16.50 ($16.84) in a Friday, July 15 research note. Grupo Santander reduced Repsol shares from an “outperforming” rating to a “neutral” rating in a Thursday, June 9 research report. Exane BNP Paribas upgraded Repsol shares from a “neutral” rating to an “outperforming” rating in a Tuesday, September 6 research report. HSBC upgraded Repsol shares from a “hold” rating to a “buy” rating in a Wednesday May 18 research report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Repsol shares from €15.90 ($16.22) to €16.80 ($17.14) and gave the stock a “buy” rating. in a report on Wednesday, July 6. Two equity research analysts rated the stock with a hold rating and nine assigned the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.90.

Repsol Company Profile

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Repsol, SA operates as an integrated energy company worldwide. Its Exploration and Production segment is engaged in the exploration, development and production of crude oil and natural gas reserves. The Company’s Industrial segment is involved in refining business and petrochemical business; the trade and transport of crude oil and petroleum products; and the sale, transport and regasification of natural gas and liquefied natural gas (LNG).

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