GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a buy rating to a hold 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. “

A number of other analysts have also recently commented on the stock. Societe Generale raised shares of GALP ENERGIA SG/ADR from a hold rating to a buy rating in a research note on Wednesday, September 18th. Goldman Sachs Group cut shares of GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a research note on Thursday, August 1st. ValuEngine raised shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Thursday, August 1st. Finally, Barclays raised shares of GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $8.25.

Shares of GALP ENERGIA SG/ADR stock opened at $7.54 on Wednesday. The firm has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $7.63. The company has a market cap of $12.51 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 2.13 and a beta of 0.85. GALP ENERGIA SG/ADR has a fifty-two week low of $6.84 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.40.

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) last released its earnings results on Monday, July 29th. The energy company reported $0.16 EPS for the quarter. The business had revenue of $5.35 billion during the quarter. GALP ENERGIA SG/ADR had a net margin of 2.91% and a return on equity of 8.48%. Equities research analysts forecast that GALP ENERGIA SG/ADR will post 0.43 EPS for the current year.

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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