Repsol (REPYF) Reports Q4 Production Below Expectations, Stock Drops 6.2%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Production Decline: Repsol's Q4 production averaged 544K boe/day, nearly 2% lower than last year and short of the 562K boe/day expected by investors, likely leading to a 5%-10% downward revision in adjusted income consensus expectations.
- Weak Upstream Performance: Analysts noted that Repsol's production in Trinidad and Tobago and the U.S. Eagle Ford fell short of expectations, indicating challenges in production capacity in these key markets that could impact future revenue growth.
- Stable Downstream Performance: Despite the weak upstream results, Repsol's downstream and industrial customer segments performed broadly in line with expectations, suggesting the company can maintain profitability amid an improved refining environment.
- Export License Applications: Repsol, along with European partner Eni, has applied for U.S. licenses to export oil from Venezuela's state-run PDVSA, indicating the company's strategic positioning in international markets.
Analyst Views on E
Wall Street analysts forecast E stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for E is 33.60 USD with a low forecast of 33.60 USD and a high forecast of 33.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 39.010
Low
33.60
Averages
33.60
High
33.60
Current: 39.010
Low
33.60
Averages
33.60
High
33.60
About E
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. The Company's segments include Exploration & Production, Gas & Power, and Refining & Marketing. Its Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations in over 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana and Mozambique. Its Gas & Power segment engages in supply, trading and marketing of gas, LNG and electricity, international gas transport activities and commodity trading and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
