Galp Energia Sgps (GLPEY) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Galp Energia Sgps (OTCMKTS:GLPEY) from a hold rating to a buy rating in a report issued on Wednesday morning. The firm currently has $10.00 target price on the energy company’s stock.
According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “
Separately, Deutsche Bank AG cut Galp Energia Sgps from a buy rating to a hold rating in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $10.00.
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The business also recently disclosed a None dividend, which was paid on Friday, October 6th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.085 per share. The ex-dividend date was Tuesday, September 19th. Galp Energia Sgps’s dividend payout ratio is currently 66.67%.
Galp Energia Sgps Company Profile
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The companys Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.
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