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

by · The Cerbat Gem

Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company.

A number of equities research analysts have recently commented on GLPEY shares. Santander downgraded Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Barclays upgraded shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st.

View Our Latest Stock Analysis on GLPEY

Galp Energia SGPS Stock Performance

OTCMKTS:GLPEY opened at $8.26 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 1.35. The firm has a market cap of $11.48 billion, a PE ratio of 11.47 and a beta of 0.04. The firm has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.49. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $10.67.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its earnings results on Monday, October 27th. The energy company reported $0.21 earnings per share (EPS) 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%. On average, equities analysts expect that Galp Energia SGPS will post 0.75 EPS for the current year.

Galp Energia SGPS Company Profile

(Get Free Report)

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.

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