GALP ENERGIA SG/ADR Forecasted to Earn Q3 2020 Earnings of $0.03 Per Share (OTCMKTS:GLPEY)

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) – Equities research analysts at Jefferies Financial Group lifted their Q3 2020 earnings per share (EPS) estimates for GALP ENERGIA SG/ADR in a report released on Tuesday, July 28th. Jefferies Financial Group analyst J. Gammel now forecasts that the energy company will earn $0.03 per share for the quarter, up from their prior forecast of $0.01. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for GALP ENERGIA SG/ADR’s FY2020 earnings at $0.08 EPS and FY2021 earnings at $0.39 EPS.

Several other research analysts also recently commented on GLPEY. ValuEngine raised GALP ENERGIA SG/ADR from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GALP ENERGIA SG/ADR in a research report on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating on shares of GALP ENERGIA SG/ADR in a research report on Tuesday, July 28th. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of GALP ENERGIA SG/ADR in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.50.

Shares of GLPEY stock opened at $5.19 on Friday. The stock’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $6.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.11 and a current ratio of 1.39. GALP ENERGIA SG/ADR has a twelve month low of $4.20 and a twelve month high of $8.83. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of -32.41, a PEG ratio of 7.86 and a beta of 0.91.

GALP ENERGIA SG/ADR Company Profile

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.

See Also: What is the Euro STOXX 50 Index?

Earnings History and Estimates for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

Receive News & Ratings for GALP ENERGIA SG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GALP ENERGIA SG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.