Galp Energia SGPS (GLPEY) to Release Quarterly Earnings on Monday

Galp Energia SGPS (OTCMKTS:GLPEY) is projected to announce its results before the market opens on Monday, April 27th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $5.6409 billion for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Galp Energia SGPS had a return on equity of 21.32% and a net margin of 5.57%.The firm had revenue of $5.50 billion for the quarter. On average, analysts expect Galp Energia SGPS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Galp Energia SGPS Stock Down 0.6%

Galp Energia SGPS stock opened at $11.25 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. Galp Energia SGPS has a 1-year low of $7.54 and a 1-year high of $12.87. The company has a market cap of $15.28 billion, a PE ratio of 13.39 and a beta of -0.03. The stock’s 50 day moving average price is $11.50 and its 200 day moving average price is $10.19.

Analysts Set New Price Targets

A number of analysts recently weighed in on GLPEY shares. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Morgan Stanley downgraded Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.