Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Moderate Buy” by Analysts
by Tristan Rich · The Markets DailyGalp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.
Several research firms have commented on GLPEY. HSBC cut shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Morgan Stanley downgraded Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group lowered Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd.
Get Our Latest Analysis on GLPEY
Galp Energia SGPS Price Performance
OTCMKTS:GLPEY opened at $12.31 on Friday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 14.65 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 company’s 50-day moving average is $11.03 and its two-hundred day moving average is $9.98. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $12.87.
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last issued its quarterly 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 business 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 expect that Galp Energia SGPS will post 0.75 EPS for the current year.
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.