Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

Several research firms have issued reports on GLPEY. Jefferies Financial Group cut shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Morgan Stanley raised Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Finally, Citigroup cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th.

Galp Energia SGPS Trading Down 2.5%

Shares of GLPEY opened at $10.91 on Monday. Galp Energia SGPS has a twelve month low of $6.76 and a twelve month high of $11.55. The stock has a market cap of $16.44 billion, a PE ratio of 15.15 and a beta of 0.03. 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 business’s 50-day moving average price is $9.75 and its 200-day moving average price is $9.62.

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.