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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

GLPEY has been the subject of several research analyst reports. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Jefferies Financial Group cut shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Galp Energia SGPS Stock Up 0.2%

Shares of Galp Energia SGPS stock opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 1.35. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $12.87. The business’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $9.95. The company has a market capitalization of $18.26 billion, a P/E ratio of 14.43 and a beta of 0.03.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $5.50 billion during the quarter. Galp Energia SGPS had a return on equity of 21.29% and a net margin of 5.57%. As a group, research analysts forecast that Galp Energia SGPS will post 0.75 EPS for the current 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.