Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of brokerages have weighed in on GLPEY. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Morgan Stanley raised shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Zacks Research downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

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Galp Energia SGPS Price Performance

GLPEY opened at $10.68 on Friday. Galp Energia SGPS has a 1-year low of $8.10 and a 1-year high of $12.87. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 21.36 and a beta of -0.07. The business has a 50 day moving average of $11.04 and a 200-day moving average of $10.61.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%.The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.73 billion. As a group, sell-side analysts anticipate that Galp Energia SGPS will post 1.03 earnings per share for the current year.

Galp Energia SGPS Company Profile

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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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