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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company.

Several equities analysts have issued reports on GLPEY shares. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Morgan Stanley raised shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a report on Tuesday. Barclays upgraded shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 31st. Finally, Santander downgraded shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th.

Galp Energia SGPS Stock Up 2.1%

Galp Energia SGPS stock opened at $8.92 on Friday. Galp Energia SGPS has a 12 month low of $6.76 and a 12 month high of $10.67. The stock has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $9.44. 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 firm has a market cap of $12.41 billion, a price-to-earnings ratio of 12.39 and a beta of 0.07.

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 net margin of 4.90% and a return on equity of 18.21%. The business had revenue of $5.81 billion for the quarter. Equities analysts predict that Galp Energia SGPS will post 0.75 EPS 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.