Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of brokerages recently commented on GLPEY. Santander lowered Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th. Citigroup lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Berenberg Bank downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Barclays upgraded shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st.

Galp Energia SGPS Trading Up 0.3%

Shares of OTCMKTS GLPEY opened at $8.44 on Wednesday. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $10.67. The company has a 50-day moving average of $9.63 and a two-hundred day moving average of $9.49. The company has a market cap of $11.73 billion, a PE ratio of 11.72 and a beta of 0.04. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, October 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The firm had revenue of $5.81 billion during the quarter. Galp Energia SGPS had a net margin of 4.90% and a return on equity of 18.21%. As a group, equities analysts expect that Galp Energia SGPS will post 0.75 earnings per share for the current fiscal year.

Galp Energia SGPS Company Profile

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil’s pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.