UBS Group Upgrades Galp Energia, SGPS (OTCMKTS:GLPEY) to “Strong-Buy”

Galp Energia, SGPS (OTCMKTS:GLPEY) was upgraded by UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, Cfra Research raised shares of Galp Energia, SGPS to a “moderate sell” rating in a report on Tuesday, April 15th.

Galp Energia, SGPS Stock Performance

GLPEY stock opened at $8.41 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. The company has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.17. Galp Energia, SGPS has a fifty-two week low of $6.76 and a fifty-two week high of $11.05. The stock has a market capitalization of $11.70 billion, a PE ratio of 8.95 and a beta of 0.28.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, April 28th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.38%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Analysts forecast that Galp Energia, SGPS will post 0.75 EPS for the current year.

Galp Energia, SGPS Company Profile

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.