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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company.

Several research analysts have weighed in on the company. Santander cut Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 31st. Morgan Stanley upgraded shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Citigroup lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th.

Galp Energia SGPS Trading Up 2.0%

Shares of GLPEY stock opened at $9.30 on Friday. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $10.67. The company has a market capitalization of $12.93 billion, a PE ratio of 12.92 and a beta of 0.07. The firm has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $9.44. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60.

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