Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Rating of “Hold” by Brokerages

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several analysts have commented on the stock. Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley upgraded shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a report on Friday, July 3rd.

Galp Energia SGPS Stock Down 0.7%

GLPEY opened at $11.31 on Thursday. Galp Energia SGPS has a fifty-two week low of $8.10 and a fifty-two week high of $12.87. The business has a 50-day moving average of $10.96 and a 200-day moving average of $11.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. The company has a market capitalization of $15.36 billion, a PE ratio of 13.15 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. Galp Energia SGPS had a return on equity of 30.83% and a net margin of 5.43%.The business had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Equities research analysts forecast that Galp Energia SGPS will post 1.21 EPS for the current fiscal year.

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.