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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

Several research firms recently issued reports on GLPEY. Jefferies Financial Group lowered shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Santander lowered Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th. Finally, Barclays raised Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $10.04 on Thursday. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $10.67. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 13.94 and a beta of 0.06. The business has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $9.46.

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.