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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of analysts have recently commented on the stock. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. Zacks Research lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $10.62 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. Galp Energia SGPS has a twelve month low of $8.10 and a twelve month high of $12.87. The firm’s 50 day moving average price is $11.28 and its two-hundred day moving average price is $10.52. The firm has a market cap of $14.42 billion, a P/E ratio of 21.24 and a beta of -0.08.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. On average, analysts forecast that Galp Energia SGPS will post 1 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.