Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) issued its earnings results on Monday. The energy company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.36), Zacks reports. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%.
Galp Energia SGPS Stock Performance
Shares of OTCMKTS:GLPEY opened at $12.83 on Monday. The stock’s 50-day simple moving average is $12.45 and its two-hundred day simple moving average is $11.63. The stock has a market capitalization of $17.42 billion and a price-to-earnings ratio of 14.92. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $13.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday, October 13th. HSBC reiterated a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. Morgan Stanley reissued an “overweight” rating on shares of Galp Energia SGPS in a research report on Friday, September 4th. Zacks Research upgraded shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a report on Monday, October 5th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Get Our Latest 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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