Galp Energia SGPS (OTCMKTS:GLPEY) Sees Large Volume Increase – Should You Buy?
by Amy Steele · The Cerbat GemShares of Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 195,703 shares changed hands during mid-day trading, an increase of 200% from the previous session’s volume of 65,126 shares.The stock last traded at $11.50 and had previously closed at $11.75.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on GLPEY. JPMorgan Chase & Co. raised Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. HSBC cut Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Galp Energia SGPS
Galp Energia SGPS Stock Down 2.4%
The firm has a market cap of $15.34 billion, a P/E ratio of 13.45 and a beta of -0.03. 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 company’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $10.08.
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last released its earnings results on Monday, March 23rd. The energy company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $5.50 billion during the quarter. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. Research analysts anticipate that Galp Energia SGPS SA will post 0.75 EPS for the current fiscal year.
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.