Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several analysts have weighed in on GLPEY shares. HSBC cut shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group downgraded Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Galp Energia SGPS Stock Down 1.4%

GLPEY opened at $11.95 on Friday. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 14.23 and a beta of 0.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.35 and a current ratio of 1.68. The firm’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $9.88. Galp Energia SGPS has a twelve month low of $6.76 and a twelve month high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $5.50 billion during the quarter. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. Equities research analysts anticipate that Galp Energia SGPS will post 0.75 EPS for the current fiscal 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.