Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
  • TickerREP
  • ISINES0173516115
  • ExchangeMadrid Stock Exchange
  • SectorOil & Gas Producers
  • CountrySpain

Analysts

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2019

...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : IEA report: growth demand intact, market balance close but OPEC still vigilant

>Demand growth confirmed for 2019 at +1.4mb/d - The IEA has maintained its demand growth estimates for 2019 at +1.4mb/d, vs +1.3mb/d in 2018 to reach 100.7mb/d. The agency has maintained its estimates despite the 0.2pp upgrade in world GDP growth assumptions to 3.5%. This revision does not affect emerging markets, which are the main force driving growth in oil demand. Indeed, demand continues to be dominated by non-OECD countries, with +1mb/d, at the same level as in ...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : Rapport AIE : croissance de la demande intacte, un marché proche de l’équilibre mais l’OPEP reste vigilante

>Croissance de la demande confirmée pour 2019 à +1.4 Mb/j - L’AIE a maintenu ses estimations de croissance de la demande pour 2019 à +1.4 Mb/j vs +1.3 Mb/j en 2018 pour atteindre finalement 100.7 Mb/j. L’agence a maintenu ses estimations malgré le relèvement des hypothèses de croissance du PIB mondial de 0.2 pt à 3.5%. Cette révision n’a pas touché les pays émergents, qui sont le principal moteur de la croissance de la demande de pétrole. En effet, la demande reste do...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/12/2019

...

Repsol S.A.: Upgrade to Baa1 reflects much improved financial profile and proven resilience to volatile oil prices

Our credit view of Repsol S.A., reflecting its improved operating profitability since 2016 and its strengthened financials, which position the company solidly in the Baa1 rating category.

Repsol S.A. - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Repsol S.A.: Reduced cost and higher oil prices underpin earnings growth

Our credit view of Repsol S.A., reflecting its improved operating profitability in 2017 and its strengthened financials, which position the company strongly in the Baa2 rating category.

Repsol S.A. - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Repsol S.A. - March 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : IEA report: growth demand intact, market balance close but OPEC still vigilant

>Demand growth confirmed for 2019 at +1.4mb/d - The IEA has maintained its demand growth estimates for 2019 at +1.4mb/d, vs +1.3mb/d in 2018 to reach 100.7mb/d. The agency has maintained its estimates despite the 0.2pp upgrade in world GDP growth assumptions to 3.5%. This revision does not affect emerging markets, which are the main force driving growth in oil demand. Indeed, demand continues to be dominated by non-OECD countries, with +1mb/d, at the same level as in ...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : Rapport AIE : croissance de la demande intacte, un marché proche de l’équilibre mais l’OPEP reste vigilante

>Croissance de la demande confirmée pour 2019 à +1.4 Mb/j - L’AIE a maintenu ses estimations de croissance de la demande pour 2019 à +1.4 Mb/j vs +1.3 Mb/j en 2018 pour atteindre finalement 100.7 Mb/j. L’agence a maintenu ses estimations malgré le relèvement des hypothèses de croissance du PIB mondial de 0.2 pt à 3.5%. Cette révision n’a pas touché les pays émergents, qui sont le principal moteur de la croissance de la demande de pétrole. En effet, la demande reste do...

Ahmed Ben Salem

ODDO : IEA report for the medium term: supply boosted by shale oil and solid growth in demand, although set to slow gradually

>Growth in demand but with a slowdown at the end of the period - In its latest annual report for the medium term, the IEA has marginally raised its forecasts for growth in demand from +1.1% to +1.2% per annum (+1.2 Mb/d with +1.4 Mb/d at the beginning of the period slowing to 1 Mb/d in 2024) on average over 2018/2024e (i.e. +7.1 Mb/d in total) to 106.4 Mb/d). This is a robust level, based on forecasts for global GBP growth of 3.6%/annum but which carries downside risk...

Ahmed Ben Salem

ODDO : Rapport AIE à MT : Une offre dopée par le shale oil et une croissance de la demande solide mais qui ralentit progressivement

>Croissance de la demande avec un ralentissement en fin de période - Dans son dernier rapport annuel à moyen terme, l’AIE a marginalement relevé son estimation de croissance de la demande de +1.1% à +1.2% par an (+1.2 Mb/j avec +1.4 Mb/j en début de période puis décélération à 1 Mb/j en 2024) en moyenne sur 2018/2024e (soit +7.1 Mb/j au total) pour atteindre 106.4 Mb/j). Il s’agit d’un niveau robuste, basé sur une hypothèse de croissance du PIB mondial ramenée à 3.6%/...

Ahmed Ben Salem ...
  • Yassine Batini

Repsol : Q4 earnings better than expected but cash generation in line

>Net profit slightly better than expected - Adjusted net profit came in at € 632m in Q4 2018, i.e. +7.5 q-o-q /y-o-y and 2.3% ahead of our forecasts and 4.8% better than the consensus (Oddo BHF: € 592m, consensus: € 596m). These results benefited from a better downstream performance.Upstream in decline with lower Brent prices - Adjusted net profit in the upstream segment came to € 310m, down 15.8% q-o-q and 12% short of the consensus, under pressur...

1 director bought

A director at Repsol Ypf Sa bought 5,000 shares at 16.830EUR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2019

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/12/2019

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/03/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/01/2019

Unlike CEO pay, the average remuneration paid to the chairs of the boards of directors of the large cap companies covered by ODDO BHF increased by 4.9% between 2013 and 2017. The disparities between companies stem mainly from national contexts and widely differing perceptions of the role of the board chair depending on the countries, though for certain stocks the ownership structure and sector situation may have an influence. Cf. Report published last evening. - ...

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Repsol – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Analyse court terme - REPSOL SA : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 14,779 €. La tendance baissière serait remise en cause au-dessus de 17,510 €.

Matthieu DRIOL

Short term view - REPSOL SA : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €14.779. The bearish trend would be challenged above €17.510.

Matthieu DRIOL

Analyse court terme - REPSOL SA : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 14,779 €, puis 13,705 €. Le franchissement de 17,510 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - REPSOL SA : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €14.779, then €13.705. Passing €17.510 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - REPSOL SA : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 15,367 €. La tendance serait remise en cause par la rupture de 13,325 €.

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