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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company.

GLPEY has been the topic of several analyst reports. Santander lowered shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. 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 downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Citigroup downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Galp Energia SGPS Stock Performance

Shares of GLPEY stock opened at $10.65 on Thursday. The company has a market capitalization of $16.05 billion, a P/E ratio of 14.79 and a beta of 0.06. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $10.67. 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 business’s 50 day moving average is $9.11 and its two-hundred day moving average is $9.49.

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.