Zacks Investment Research Downgrades GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) to Sell

Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

Separately, ValuEngine upgraded shares of XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. GALP ENERGIA SG/ADR has a consensus rating of Hold and an average target price of $8.50.

Shares of GLPEY opened at $7.81 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.11 and a current ratio of 1.62. GALP ENERGIA SG/ADR has a fifty-two week low of $7.11 and a fifty-two week high of $10.43. The business has a 50-day simple moving average of $7.57.

About GALP ENERGIA SG/ADR

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.

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