Galp Energia SGPS SA (GLPEY) – What Are Analysts Thinking About This Stock?

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of research analysts recently weighed in on GLPEY shares. Zacks Research upgraded shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. HSBC reissued a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. Barclays reiterated an “overweight” rating on shares of Galp Energia SGPS in a report on Monday, October 5th. BNP Paribas Exane cut shares of Galp Energia SGPS to a “hold” rating in a research note on Tuesday, October 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday, October 13th.

Galp Energia SGPS Stock Down 1.7%

GLPEY stock opened at $10.65 on Friday. Galp Energia SGPS has a 12 month low of $8.10 and a 12 month high of $13.09. The firm has a 50 day simple moving average of $12.23 and a 200 day simple moving average of $11.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. The firm has a market cap of $14.46 billion, a PE ratio of 13.15 and a beta of 0.07.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings results on Monday, October 26th. The energy company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.36). Galp Energia SGPS had a return on equity of 28.78% and a net margin of 4.55%. The business had revenue of $9.06 billion for the quarter, compared to the consensus estimate of $9.38 billion. Equities research analysts forecast that Galp Energia SGPS will post 1.53 earnings per share for the current fiscal year.

About Galp Energia SGPS

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp’s upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.