Zacks Investment Research cut shares of Repsol (OTCMKTS:REPYY) from a buy rating to a hold rating in a research note issued to investors on Thursday, August 9th.
According to Zacks, “Repsol SA explores for, develops and produces crude oil products and natural gas, transports petroleum products and liquified petroleum gas and refines petroleum. In addition, the Company produces a variety of petrochemicals and markets petroleum products, petroleum derivatives, LPG and natural gas. “
Separately, ValuEngine raised Repsol from a buy rating to a strong-buy rating in a report on Thursday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Repsol presently has an average rating of Buy and an average price target of $22.00.
Repsol Company Profile
Repsol, SA operates as an integrated energy company worldwide. Its Upstream segment engages in the exploration and development of crude oil and natural gas reserves. The company's Downstream segment in involved in refining and petro chemistry; trading and transportation of crude oil and oil products; commercialization of oil products, petrochemical, and LPG; and the commercialization, transport, and regasification of natural gas and liquefied natural gas (LNG).
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