Galp Energia SGPS (OTCMKTS:GLPEY) Shares Gap Down – Should You Sell?

Galp Energia SGPS SA (OTCMKTS:GLPEY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.4350, but opened at $8.10. Galp Energia SGPS shares last traded at $8.10, with a volume of 299 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GLPEY. Berenberg Bank lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Santander downgraded Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 28th. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $9.47. The stock has a market capitalization of $11.54 billion, a P/E ratio of 11.53 and a beta of 0.04.

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