Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company.
A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Zacks Research upgraded shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th.
View Our Latest Stock Report on GLPEY
Galp Energia SGPS Price Performance
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. Equities research analysts expect that Galp Energia SGPS will post 1 EPS for the current fiscal year.
Galp Energia SGPS Company Profile
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.
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