Galp Energia SGPS (OTCMKTS:GLPEY) Shares Gap Up – Here’s What Happened

Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.05, but opened at $12.48. Galp Energia SGPS shares last traded at $12.53, with a volume of 1,310 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GLPEY shares. Zacks Research cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley raised Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Get Galp Energia SGPS alerts:

Read Our Latest Stock Report on GLPEY

Galp Energia SGPS Stock Down 0.1%

The stock has a fifty day moving average price of $11.41 and a 200-day moving average price of $11.35. The firm has a market cap of $16.89 billion, a PE ratio of 14.47 and a beta of -0.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. The firm had revenue of $8.02 billion for the quarter, compared to analyst estimates of $6.79 billion. Research analysts expect that Galp Energia SGPS SA will post 1.21 EPS for the current year.

Galp Energia SGPS Company Profile

(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.

Featured Stories

• Five stocks we like better than Galp Energia SGPS
• Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
• Medtronic’s Stars Are Aligning for a Price Recovery
• Analysts See Major Upside for This Top-10 Performing S&P 500 Stock
• Cook Out, Silicon In: Will Ternus Trigger Apple’s Edge AI Boom?

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