Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Hold” by Brokerages

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) have been given an average rating of “Hold” by the ten research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts have commented on the stock. Zacks Research lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th.

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Galp Energia SGPS Stock Performance

Shares of Galp Energia SGPS stock opened at $11.00 on Wednesday. The firm has a market capitalization of $14.94 billion, a P/E ratio of 22.00 and a beta of -0.08. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $12.87. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $11.34 and its two-hundred day moving average is $10.51.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. Research analysts forecast that Galp Energia SGPS will post 1 EPS for the current fiscal year.

Galp Energia SGPS Company Profile

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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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