Galp Energia SGPS (GLPEY) Projected to Release Earnings on Monday

Galp Energia SGPS (OTCMKTS:GLPEY) will likely be issuing its results before the market opens on Monday, July 20th. Analysts expect Galp Energia SGPS to post earnings of $0.34 per share and revenue of $7.0189 billion for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.73 billion. 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 Stock Up 1.8%

Shares of OTCMKTS:GLPEY opened at $10.92 on Friday. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $12.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. The company’s fifty day moving average is $10.98 and its 200-day moving average is $10.80. The company has a market capitalization of $14.83 billion, a PE ratio of 21.84 and a beta of -0.07.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLPEY. Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. 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. Morgan Stanley upgraded shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research note on Friday, July 3rd. Finally, HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.