Galp Energia SGPS (OTCMKTS:GLPEY) Stock Rating Upgraded by Zacks Research

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other analysts have also recently weighed in on GLPEY. HSBC reissued a “hold” rating on shares of Galp Energia SGPS in a research note on Friday, September 25th. Barclays restated an “overweight” rating on shares of Galp Energia SGPS in a research note on Monday, October 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Galp Energia SGPS in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Galp Energia SGPS currently has an average rating of “Moderate Buy”.

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Galp Energia SGPS Trading Up 1.6%

Shares of OTCMKTS:GLPEY opened at $12.58 on Monday. The firm has a fifty day moving average of $12.28 and a two-hundred day moving average of $11.59. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $13.09. The firm has a market capitalization of $17.08 billion and a P/E ratio of 14.63.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.02 billion for the quarter, compared to analyst estimates of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. On average, equities analysts expect that Galp Energia SGPS will post 1.44 EPS for the current fiscal year.

About Galp Energia SGPS

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Galp Energia SGPS, SA is a Portugal-based integrated energy company whose activities span oil and natural gas exploration and production, energy trading, refining, marketing, and renewable power generation. The company supplies fuels, natural gas, electricity, lubricants, and other energy products to retail, commercial, and industrial customers.

Galp’s upstream portfolio includes interests in oil and natural gas projects, with a significant presence in Brazil and additional activities in other international markets.

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