Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Average Rating of “Hold” from Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have recently issued reports on GLPEY. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Finally, Zacks Research lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th.

Galp Energia SGPS Trading Down 1.7%

Shares of GLPEY stock opened at $11.00 on Wednesday. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 22.00 and a beta of -0.08. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. Galp Energia SGPS has a fifty-two week low of $8.10 and a fifty-two week high of $12.87. The firm’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $10.51.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $5.73 billion. Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. On average, analysts anticipate that Galp Energia SGPS will post 1 EPS for the current year.

About Galp Energia SGPS

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.