GALP ENERGIA SG/ADR (GLPEY) Given Average Recommendation of “Hold” by Brokerages
Shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.
A number of research firms have weighed in on GLPEY. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Goldman Sachs Group upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “neutral” rating in a research report on Monday, February 11th. ValuEngine upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Deutsche Bank lowered shares of GALP ENERGIA SG/ADR to a “hold” rating in a research report on Thursday, December 20th.
Shares of OTCMKTS GLPEY opened at $8.29 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 1.72. GALP ENERGIA SG/ADR has a 12-month low of $7.50 and a 12-month high of $10.43.
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's 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 1,459 service stations in Portugal, Spain, and Africa.
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