Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $10.02, but opened at $8.76. Galp Energia SGPS shares last traded at $8.64, with a volume of 51,229 shares trading hands.
Analysts Set New Price Targets
A number of research firms have commented on GLPEY. Citigroup lowered Galp Energia SGPS to a “neutral” rating in a research note on Tuesday. Barclays raised Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Galp Energia SGPS in a research note on Tuesday. Finally, Santander downgraded shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Galp Energia SGPS presently has an average rating of “Buy”.
Read Our Latest Research Report on GLPEY
Galp Energia SGPS Stock Performance
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last posted its earnings results on Monday, October 27th. The energy company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Galp Energia SGPS had a return on equity of 18.21% and a net margin of 4.90%.The business had revenue of $5.81 billion for the quarter. Equities analysts forecast that Galp Energia SGPS SA will post 0.75 earnings per share for the current fiscal year.
About Galp Energia SGPS
Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.
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