FY2017 EPS Estimates for Galp Energia SGPS SA (GLPEY) Cut by Analyst
Galp Energia SGPS SA (OTC:GLPEY) – Investment analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Galp Energia SGPS SA in a note issued to investors on Tuesday. Jefferies Group analyst M. Kofler now expects that the firm will post earnings per share of $0.27 for the year, down from their prior estimate of $0.29.
Separately, Barclays PLC cut shares of Galp Energia SGPS SA from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 1st.
Galp Energia SGPS SA (OTC:GLPEY) traded down 3.43% during mid-day trading on Thursday, reaching $6.19. 11,900 shares of the company were exchanged. Galp Energia SGPS SA has a 12 month low of $4.89 and a 12 month high of $7.64. The company’s 50 day moving average price is $6.73 and its 200-day moving average price is $6.85.
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