Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Rating of “Moderate Buy” from Analysts

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating on the company.

A number of brokerages recently commented on GLPEY. JPMorgan Chase & Co. raised Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. HSBC lowered Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Jefferies Financial Group raised Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Morgan Stanley lowered Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Finally, Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th.

Galp Energia SGPS Stock Performance

OTCMKTS GLPEY opened at $11.60 on Friday. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 23.20 and a beta of -0.06. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $11.65 and a 200-day moving average price of $10.41. Galp Energia SGPS has a twelve month low of $7.64 and a twelve month high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. As a group, equities research analysts predict that Galp Energia SGPS will post 1 EPS 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.