Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Moderate Buy” by Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company.

Several equities analysts recently commented on GLPEY shares. Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Morgan Stanley raised shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a report on Tuesday, January 6th. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. Santander lowered Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th. Finally, Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th.

Galp Energia SGPS Stock Up 3.4%

Shares of OTCMKTS GLPEY opened at $10.31 on Thursday. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $10.67. The business has a 50-day simple moving average of $9.09 and a two-hundred day simple moving average of $9.47. 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 has a market cap of $15.54 billion, a P/E ratio of 14.32 and a beta of 0.06.

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.