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

Giuseppe Fresta ...
  • Rana Toukan

DBRS Morningstar Places BP p.l.c. and Repsol, S.A. Under Review with Negative Implications

Please refer to PDF document for more detail about our research: DBRS Morningstar Places BP p.l.c. and Repsol, S.A. Under Review with Negative Implications

Javier Esteban

REPSOL: PROMISING ANTIVIRAL MEASURES (ANÁLISIS BANCO SABADELL)

Savings that could add up to +11% to our T.P. of € 10.00/sh. (+37% upside). BUY. The company announced yesterday a series of measures to tackle the effects from the COVID-19 crisis. It maintains its shareholder remuneration commitment for 2020 (€ 1.00/sh.; 13.7% yield) and it will complete the DPS’19 with a € 0.55/sh. payment in July in scrip format (in line with expectations, although questioned: 9% and 7.5% yield). The group also maintains its plan of cancelling the necessary own shares to offset the dilutive impact from the payment in scrip format. However, it has withdraw from the AGM agen...

Javier Esteban

REPSOL: MEDIDAS ANTIVIRALES PROMETEDORAS (ANÁLISIS BANCO SABADELL)

Ahorros que aportarían hasta un +11% a nuestro nuevo P.0. de 10 euros/acc. (+37% potencial). COMPRAR Anunció ayer una serie de medidas para afrontar los efectos del COVID-19. Mantiene el compromiso de remuneración al accionista en 2020 (DPA’19 1 euro/acc; 13,7% yield) y completará el pago del de 2019 en julio con 0,55 euros/acc. en formato scrip (en línea con lo esperado, +9% vs 2018 y 7,5% yield). Mantiene también su previsión de amortizar las acciones propias necesarias para compensar el efecto dilutivo del scrip. Lo que sin embargo retira del orden del día de la JGA (08/05) es la propuesta ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/26/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/03/2020

...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The Pause that Refreshes? We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int'l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which would allow for a more meaningful move higher. • New Highs or Bullish Inflections. The number of in...

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.

Javier Esteban

REPSOL: PROMISING ANTIVIRAL MEASURES (ANÁLISIS BANCO SABADELL)

Savings that could add up to +11% to our T.P. of € 10.00/sh. (+37% upside). BUY. The company announced yesterday a series of measures to tackle the effects from the COVID-19 crisis. It maintains its shareholder remuneration commitment for 2020 (€ 1.00/sh.; 13.7% yield) and it will complete the DPS’19 with a € 0.55/sh. payment in July in scrip format (in line with expectations, although questioned: 9% and 7.5% yield). The group also maintains its plan of cancelling the necessary own shares to offset the dilutive impact from the payment in scrip format. However, it has withdraw from the AGM agen...

Javier Esteban

REPSOL: MEDIDAS ANTIVIRALES PROMETEDORAS (ANÁLISIS BANCO SABADELL)

Ahorros que aportarían hasta un +11% a nuestro nuevo P.0. de 10 euros/acc. (+37% potencial). COMPRAR Anunció ayer una serie de medidas para afrontar los efectos del COVID-19. Mantiene el compromiso de remuneración al accionista en 2020 (DPA’19 1 euro/acc; 13,7% yield) y completará el pago del de 2019 en julio con 0,55 euros/acc. en formato scrip (en línea con lo esperado, +9% vs 2018 y 7,5% yield). Mantiene también su previsión de amortizar las acciones propias necesarias para compensar el efecto dilutivo del scrip. Lo que sin embargo retira del orden del día de la JGA (08/05) es la propuesta ...

Ahmed Ben Salem

Repsol : Repsol cuts capex by 26% and halts the planned share buyback

>Repsol cuts capex by 26% and halts share buyback - Repsol announced that it will cut its capex by 26%, or € 1bn, in 2020, in line with our expectations and the rest of the sector, reduce opex by an additional € 350m and optimise its working capital by € 800m. It will also cancel the proposal to reduce its share capital by 5%, thus halting any share buybacks, but it will maintain its dividend and continue to offset any dilution linked to the existing scrip. §...

Ahmed Ben Salem

Repsol : Repsol cuts capex by 26% and halts the planned share buyback

>Repsol cuts capex by 26% and halts share buyback - Repsol announced that it will cut its capex by 26%, or € 1bn, in 2020, in line with our expectations and the rest of the sector, reduce opex by an additional € 350m and optimise its working capital by € 800m. It will also cancel the proposal to reduce its share capital by 5%, thus halting any share buybacks, but it will maintain its dividend and continue to offset any dilution linked to the existing scrip. §...

Research Department

INFORME DIARIO 26 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, AMADEUS, FERROVIAL, GRIFOLS, INDRA, MELIA, NATURGY, PRISA, REPSOL, SECTOR FINANCIERO. EUROPA: AIRBUS, ENI, INTESA SAN PAOLO, LVMH, UNICREDIT Continúa el rebote de mercado Ganancias en las bolsas europeas del orden del +3%/+4% que recibieron con entusiasmo el acuerdo del programa de estímulo fiscal estadounidense por 2 billones de dólares, aprobado ayer en el Senado y que debería ser ratificado por el Congreso mañana. Las miradas estarán centradas hoy en el Eurogrupo ya la aprobación de un paquete fiscal paneuropeo. En el Euro STOXX con todos...

Giuseppe Fresta ...
  • Rana Toukan

DBRS Morningstar Places BP p.l.c. and Repsol, S.A. Under Review with Negative Implications

Please refer to PDF document for more detail about our research: DBRS Morningstar Places BP p.l.c. and Repsol, S.A. Under Review with Negative Implications

Repsol S.A.: Repsol's provision for a legal dispute further weakens its positioning in the Baa1 category

While the materiality of the provision on its own is relatively low it further adds pressure to the Baa1 rating which is weakly positioned.

Repsol S.A.: Repsol's asset impairment in a challenging environment reduces capacity in its Baa1 rating somewhat

The €4.8 billion impairment is credit negative, but we positively note the company's strengthened commitment to achieve net zero emissions by 2050.

Repsol S.A. - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Repsol S.A. - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/26/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/03/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/24/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 24/03/2020

...

Repsol, S.A.

Expert Corporate Governance Service (ECGS)

Repsol - AGM 30 May 2019

The Annual General Meeting will be held foreseeable on the second call on May 31st, 2019, at 12 p.m.  The re-election of the Chairman is proposed in item 10.  Mr. Antonio Brufau Niub has served on the Board since 1996 and has been Chairman for fifteen years. Prior to serving as Chairman, he served as CEO of the Company and Executive Chairman. There are concerns that his fixed fees of EUR 2.5 million per year imply that he continues to perform some executive functions.  Furthermore, ECGS guidelines do not support the appointment of a former CEO as Chairman.  This can undermine the Boardns supe...

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch