Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company.

A number of brokerages have weighed in on GLPEY. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Barclays raised Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 31st. Santander lowered Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th. Finally, Citigroup cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Galp Energia SGPS Price Performance

GLPEY opened at $8.26 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 11.47 and a beta of 0.04. The stock has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $9.49. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $10.67.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, October 27th. The energy company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $5.81 billion during the quarter. Galp Energia SGPS had a return on equity of 18.21% and a net margin of 4.90%. Research analysts predict that Galp Energia SGPS will post 0.75 earnings per share 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.