Galp Energia SGPS (GLPEY) to Release Quarterly Earnings on Friday

Galp Energia SGPS (OTCMKTS:GLPEY) is projected to issue its results before the market opens on Friday, April 3rd. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, March 23rd. The energy company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. The company had revenue of $5.50 billion during the quarter. On average, analysts expect Galp Energia SGPS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Galp Energia SGPS Trading Down 1.4%

GLPEY stock opened at $11.95 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. Galp Energia SGPS has a twelve month low of $6.76 and a twelve month high of $12.87. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 14.23 and a beta of 0.03. The firm’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $9.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Berenberg Bank lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Citigroup cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Galp Energia SGPS has an average rating of “Moderate Buy”.

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.