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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned an average recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company.

A number of brokerages recently issued reports on GLPEY. Barclays upgraded Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. Santander cut Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th.

Galp Energia SGPS Trading Up 0.8%

Shares of GLPEY opened at $10.00 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.64. Galp Energia SGPS has a fifty-two week low of $6.76 and a fifty-two week high of $10.67. The firm has a 50 day moving average price of $9.84 and a 200-day moving average price of $9.36. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 13.89 and a beta of 0.26.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, October 27th. The energy company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The firm had revenue of $5.81 billion during the quarter. Galp Energia SGPS had a return on equity of 18.31% and a net margin of 4.90%. As a group, equities research analysts forecast that Galp Energia SGPS will post 0.75 earnings per share for the current year.

About Galp Energia SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.