Galp Energia SGPS (GLPEY) Set to Post Earnings on Monday

by · The Markets Daily

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) is anticipated to release its results before the market opens on Monday, October 26th. Analysts expect the company to post earnings of $0.52 per share and revenue of $9.38 billion for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. The company had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $6.79 billion. On average, analysts expect Galp Energia SGPS to post $1.45 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.

Galp Energia SGPS Trading Up 2.6%

Shares of GLPEY stock opened at $12.83 on Friday. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $13.09. The business’s fifty day moving average is $12.45 and its 200 day moving average is $11.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53. The company has a market capitalization of $17.42 billion and a PE ratio of 10.78.

Analyst Ratings Changes

Several brokerages have recently commented on GLPEY. Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday, October 13th. Barclays restated an “overweight” rating on shares of Galp Energia SGPS in a report on Monday, October 5th. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. HSBC reiterated a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Galp Energia SGPS currently has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on GLPEY

Galp Energia SGPS Company Profile

(Get Free Report)

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp’s upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.

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