Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) posted its quarterly earnings data on Monday. The energy company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.26, Zacks reports. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%.
Galp Energia SGPS Price Performance
Shares of GLPEY opened at $10.97 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.94. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 21.94 and a beta of -0.07. Galp Energia SGPS has a twelve month low of $8.10 and a twelve month high of $12.87.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on GLPEY shares. 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. Morgan Stanley upgraded shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a report on Friday, July 3rd. Finally, Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a report on Sunday, April 5th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
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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