Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) is expected to be releasing its results before the market opens on Monday, October 26th. Analysts expect Galp Energia SGPS to post earnings of $0.52 per share and revenue of $9.38 billion for the quarter.
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last released 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. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. The firm had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $6.79 billion. On average, analysts expect Galp Energia SGPS to post $1.45 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Galp Energia SGPS Stock Up 2.6%
GLPEY opened at $12.83 on Friday. The stock has a market capitalization of $17.42 billion and a price-to-earnings ratio of 14.92. The firm has a 50 day moving average price of $12.45 and a 200-day moving average price of $11.63. Galp Energia SGPS has a twelve month low of $8.10 and a twelve month high of $13.09. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on GLPEY shares. Zacks Research raised shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Barclays reiterated an “overweight” rating on shares of Galp Energia SGPS in a research note on Monday, October 5th. Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday, October 13th. Morgan Stanley restated an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Finally, HSBC restated a “hold” rating on shares of Galp Energia SGPS in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Galp Energia SGPS
Galp Energia SGPS Company Profile
Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.
Galp’s upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.
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