Repsol’s action has risen this Thursday. The price has closed with an increase of 7.84% and is placed around 13 euros per title, a level that did not register since August 2024. The results published in the session have served as a motor for the company, which also He has seen reinforced by analysts, although the company has presented a 45% drop in the benefit. “Together, Repsol obtained better results than expected,” summarizes UBS. “The adjusted net profit, 643 million euros, was 8% higher than the consensus of 598 million. Ebitda reached 2,000 million euros, 13% higher above expectations. ” The investment bank, which advises to buy, also points to the repurchase of 700 million as a positive note.
In RBC Capital Markets indicate, on the other hand, that “the expectations were low, since refining margins in recent months have been relatively low. The underlying forecasts of Repsol seem better than expected, which has resulted in a repurchase greater than we and the consensus foresee, with more upward route if the macro remained at the current levels throughout the year, ” The firm points, whose recommendation is “like the market” and that sets an objective price of 13 euros.
Bankinter speaks, on the contrary, of “weak results”, although he expected (before the opening) a positive market response, since ″ announces a new program of repurchase of actions and an attractive dividend, with an estimated profitability in 2025 8%; The 2025 forecasts are ambitious due to a better operating and minor flow “and because” it maintains a sanitized balance and reduces debt in the quarter. ” With the entire Spanish bank, it advises to sell.
Morgan Stanley also points out that “the net income of the fourth quarter beat those of all segments,” and highlights the strength of the free cash flow, according to Bloomberg. Jefferies, while highlighting the “strong improvement in all key businesses in the fourth quarter, with an operating cash flow (CFFO) and a disappointment higher than expected.” “The forecasts for the year are disparate, since the smaller production of the expected will be compensated” for the best cash flow and the reduction of debt. Morgan Stanley advises to underprate, and Jefferies is neutral.
Citi analysts comment that the fourth quarter of the year has been better than expected for Repsol and emphasizes that the company has presented “perspectives that point to the ambition to continue financing a combination of growth and distribution to the shareholder”. From the US bank they point out that the increase in sales obtained by the company, driven by the reduction of renewable energy, as well as a balance that can assume additional leverage, contribute to support the Repsol financing model.
