Galp Energia SGPS SA (GLPEY) – What Are Brokerages Saying About This Stock?

by · The Markets Daily

Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

GLPEY has been the subject of a number of analyst reports. Zacks Research upgraded Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research report on Monday. Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research report on Monday, October 5th. Morgan Stanley reiterated an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. HSBC reissued a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. Finally, Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday.

Check Out Our Latest Stock Analysis on GLPEY

Galp Energia SGPS Trading Down 0.5%

Shares of GLPEY stock opened at $12.56 on Tuesday. Galp Energia SGPS has a 1 year low of $8.10 and a 1 year high of $13.09. The firm has a fifty day moving average price of $12.33 and a 200-day moving average price of $11.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market cap of $17.06 billion and a price-to-earnings ratio of 10.88.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.26. The company had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. As a group, equities analysts predict that Galp Energia SGPS will post 1.44 earnings per share for the current year.

About Galp Energia SGPS

(Get Free Report)

Galp Energia SGPS, SA is a Portugal-based integrated energy company whose activities span oil and natural gas exploration and production, energy trading, refining, marketing, and renewable power generation. The company supplies fuels, natural gas, electricity, lubricants, and other energy products to retail, commercial, and industrial customers.

Galp’s upstream portfolio includes interests in oil and natural gas projects, with a significant presence in Brazil and additional activities in other international markets.

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