GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from an equal weight rating to an overweight rating in a research report released on Wednesday morning, The Fly reports.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research report on Monday. ValuEngine downgraded GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. GALP ENERGIA SG/ADR presently has an average rating of Hold and an average target price of $8.50.

Shares of GLPEY stock traded down $0.22 during mid-day trading on Wednesday, reaching $7.66. The stock had a trading volume of 34,870 shares, compared to its average volume of 65,603. The company has a 50 day moving average of $7.62. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64. GALP ENERGIA SG/ADR has a one year low of $7.11 and a one year high of $10.43. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 2.34 and a beta of 0.81.

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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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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