Galp Energia SGPS (GLPEY) Expected to Announce Quarterly Earnings on Friday

Galp Energia SGPS (OTCMKTS:GLPEY) is projected to release its results before the market opens on Friday, April 3rd. Analysts expect Galp Energia SGPS to post earnings of $0.12 per share for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Galp Energia SGPS had a return on equity of 21.29% and a net margin of 5.57%.The firm had revenue of $5.50 billion for the quarter. On average, analysts expect Galp Energia SGPS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Galp Energia SGPS Price Performance

GLPEY stock opened at $11.77 on Thursday. The company has a market cap of $17.74 billion, a PE ratio of 14.01 and a beta of 0.03. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $10.97 and a two-hundred day moving average price of $9.96. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $12.87.

Analyst Ratings Changes

Several research firms have recently weighed in on GLPEY. Jefferies Financial Group lowered Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Citigroup downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Galp Energia SGPS has an average rating of “Moderate Buy”.

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.