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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

GLPEY has been the topic of a number of research reports. Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $11.32 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The firm has a market cap of $15.37 billion, a PE ratio of 13.48 and a beta of -0.03. The company’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $10.19. Galp Energia SGPS has a 12-month low of $7.54 and a 12-month high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $5.50 billion for the quarter. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.32%. As a group, equities analysts predict that Galp Energia SGPS will post 1.03 EPS for the current 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.