Galp Energia SGPS (OTCMKTS:GLPEY) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Galp Energia SGPS (OTCMKTS:GLPEY) from a moderate sell rating to a hold rating in a research note released on Sunday,Zacks.com reports.

Several other research firms also recently weighed in on GLPEY. Citigroup downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Berenberg Bank downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. 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. 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.com, the company currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Trading Down 0.2%

Shares of Galp Energia SGPS stock opened at $12.15 on Friday. The firm has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $10.05. The company has a market cap of $18.31 billion, a P/E ratio of 14.46 and a beta of -0.03. Galp Energia SGPS has a fifty-two week low of $6.76 and a fifty-two week high of $12.87. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.35 and a current ratio of 1.68.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, March 23rd. The energy company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. The business had revenue of $5.50 billion during the quarter. As a group, equities analysts predict that Galp Energia SGPS will post 0.75 earnings per share 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.