Galp Energia SGPS (OTCMKTS:GLPEY) Shares Gap Down – Time to Sell?

Galp Energia SGPS SA (OTCMKTS:GLPEY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $11.75, but opened at $11.23. Galp Energia SGPS shares last traded at $11.29, with a volume of 812 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

The company has a market cap of $15.34 billion, a price-to-earnings ratio of 13.45 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 company’s fifty day moving average price is $11.30 and its two-hundred day moving average price is $10.09.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its earnings results on Monday, March 23rd. The energy company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $5.50 billion during the quarter. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. On average, equities research analysts forecast that Galp Energia SGPS SA will post 0.75 EPS for the current fiscal 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.