Galp Energia SGPS (OTCMKTS:GLPEY) Stock Rating Lowered by HSBC

Galp Energia SGPS (OTCMKTS:GLPEY) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Friday, Marketbeat reports.

Other research analysts have also issued research reports about the company. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Morgan Stanley raised Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group lowered shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Galp Energia SGPS currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Trading Down 3.0%

Galp Energia SGPS stock opened at $12.30 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.35 and a current ratio of 1.68. The firm’s 50-day moving average is $10.54 and its 200-day moving average is $9.81. Galp Energia SGPS has a 1 year low of $6.76 and a 1 year high of $12.87. The company has a market cap of $18.54 billion, a P/E ratio of 17.08 and a beta of 0.03.

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.