Galp Energia SGPS (OTCMKTS:GLPEY) Sees Large Volume Increase – What’s Next?

Galp Energia SGPS SA (OTCMKTS:GLPEY) shares saw unusually-high trading volume on Thursday . Approximately 273,901 shares were traded during mid-day trading, an increase of 285% from the previous session’s volume of 71,058 shares.The stock last traded at $9.87 and had previously closed at $9.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GLPEY shares. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Citigroup lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Morgan Stanley upgraded shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a report on Tuesday, January 6th. Santander downgraded Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group lowered Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Galp Energia SGPS presently has an average rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 1.35. The business’s fifty day moving average price is $9.08 and its 200-day moving average price is $9.44. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 13.91 and a beta of 0.07.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, October 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Galp Energia SGPS had a return on equity of 18.21% and a net margin of 4.90%.The company had revenue of $5.81 billion for the quarter. On average, research analysts forecast that Galp Energia SGPS SA will post 0.75 EPS for the current year.

Galp Energia SGPS Company Profile

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.