-12.2% cut in Repsol EPS estimates in 2019 and -7.63% in 2020

Repsol's discovery in AlaskaRepsol project in Alaska.

Alphavalue | We have lowered the EPS estimates for Spanish oil company Repsol (2019 by – 12.2% and 2020 by – 7.63%) after incorporating the results of the last quarter and lower expectations of gas prices in the US.

We also assume a lower price of Brent crude ($ 60 / b vs. $ 66 / b earlier), although it will be partially offset by higher refining margins ($ 6.50 / b vs. $ 6 / b earlier).

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.