Galp Energia SGPS (OTCMKTS:GLPEY) Posts Earnings Results, Beats Estimates By $0.02 EPS

Galp Energia SGPS (OTCMKTS:GLPEY) issued its earnings results on Monday. The energy company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02, Zacks reports. Galp Energia SGPS had a return on equity of 18.21% and a net margin of 4.90%.

Galp Energia SGPS Stock Performance

Shares of Galp Energia SGPS stock opened at $12.01 on Wednesday. The company has a market cap of $18.10 billion, a PE ratio of 16.68 and a beta of 0.03. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $12.87. The business has a 50 day moving average price of $10.65 and a 200-day moving average price of $9.85. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GLPEY shares. Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Jefferies Financial Group downgraded shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.