Galp Energia SGPS (OTCMKTS:GLPEY) Sees Large Volume Increase – What’s Next?

Galp Energia SGPS SA (OTCMKTS:GLPEY) saw unusually-strong trading volume on Monday . Approximately 671,998 shares traded hands during trading, an increase of 723% from the previous session’s volume of 81,624 shares.The stock last traded at $10.70 and had previously closed at $11.00.

Analyst Ratings Changes

A number of analysts have issued reports on GLPEY shares. 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. 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. Finally, HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Galp Energia SGPS Stock Performance

The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 21.02 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. The stock has a fifty day moving average price of $11.28 and a 200-day moving average price of $10.52.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%.The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.73 billion. On average, analysts expect that Galp Energia SGPS SA will post 1 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.