Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEYGet Free Report) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several research analysts recently 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 report on Tuesday, May 26th. Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd.

Check Out Our Latest Stock Report on Galp Energia SGPS

Institutional Trading of Galp Energia SGPS

An institutional investor recently bought a new position in Galp Energia SGPS stock. Public Employees Retirement System of Ohio bought a new stake in Galp Energia SGPS SA (OTCMKTS:GLPEYFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,524 shares of the energy company’s stock, valued at approximately $164,000.

Galp Energia SGPS Stock Performance

OTCMKTS:GLPEY opened at $12.05 on Monday. The firm’s 50-day moving average is $11.37 and its 200-day moving average is $11.34. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $12.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 14.01 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEYGet Free Report) last released its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.26. The business had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. Equities research analysts anticipate that Galp Energia SGPS will post 1.21 earnings per share for the current year.

About Galp Energia SGPS

(Get Free Report)

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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Analyst Recommendations for Galp Energia SGPS (OTCMKTS:GLPEY)

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