Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a hold rating to a sell rating in a research note released on Monday.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

Other equities analysts also recently issued research reports about the stock. Bank of America downgraded shares of GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a research note on Friday, October 5th. Deutsche Bank downgraded shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Wednesday, September 19th. ValuEngine downgraded shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Wednesday, November 7th. Finally, JPMorgan Chase & Co. downgraded shares of GALP ENERGIA SG/ADR from an overweight rating to a neutral rating in a research note on Tuesday, September 11th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has an average rating of Sell and an average target price of $11.00.

OTCMKTS:GLPEY opened at $8.28 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.18 and a beta of 1.00. GALP ENERGIA SG/ADR has a fifty-two week low of $7.85 and a fifty-two week high of $10.43.

About GALP ENERGIA SG/ADR

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.

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