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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given an average recommendation of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities analysts recently issued reports on GLPEY shares. Zacks Research downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd.

Galp Energia SGPS Stock Performance

GLPEY opened at $12.05 on Monday. The company has a market cap of $16.36 billion, a P/E ratio of 14.01 and a beta of -0.06. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $11.37 and its 200-day moving average price is $11.33. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.26. The company had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. As a group, equities 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 bought a new position in Galp Energia SGPS SA (OTCMKTS:GLPEY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,524 shares of the energy company’s stock, valued at approximately $164,000.

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.