Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Rating of “Hold” by Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of equities analysts have weighed in on the company. Morgan Stanley raised Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd. Zacks Research cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

Galp Energia SGPS Stock Performance

OTCMKTS GLPEY opened at $12.70 on Monday. Galp Energia SGPS has a 12 month low of $8.10 and a 12 month high of $12.87. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $11.21 and a 200-day moving average of $11.26. The company has a market cap of $17.25 billion, a PE ratio of 14.77 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.26. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. The company had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. On average, equities research analysts anticipate that Galp Energia SGPS will post 1.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Galp Energia SGPS

A hedge fund recently bought a new position in Galp Energia SGPS stock. Public Employees Retirement System of Ohio acquired a new stake in Galp Energia SGPS SA (OTCMKTS:GLPEY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,524 shares of the energy company’s stock, valued at approximately $164,000.

About Galp Energia SGPS

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.