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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given an average rating of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several research firms recently weighed in on GLPEY. HSBC lowered Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Morgan Stanley raised shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th.

Galp Energia SGPS Stock Performance

Galp Energia SGPS stock opened at $10.68 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. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 21.36 and a beta of -0.07. Galp Energia SGPS has a one year low of $8.10 and a one year high of $12.87. The company’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.61.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $6.19 billion during the quarter, compared to analyst estimates 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 1.03 earnings per share for the current fiscal year.

About Galp Energia SGPS

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.