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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company.

Several analysts recently commented on the stock. 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. 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 cut Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Jefferies Financial Group lowered Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Finally, Citigroup cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Galp Energia SGPS Price Performance

Shares of Galp Energia SGPS stock opened at $11.80 on Friday. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $12.87. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17.78 billion, a PE ratio of 14.05 and a beta of 0.03. The company’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $9.91.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, March 23rd. The energy company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company 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%. As a group, sell-side analysts anticipate that Galp Energia SGPS 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.