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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several equities research analysts recently weighed in on GLPEY shares. Zacks Research cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley raised shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd.

Hedge Funds Weigh In On Galp Energia SGPS

An institutional investor recently bought a new position in Galp Energia SGPS stock. Public Employees Retirement System of Ohio purchased a new position in Galp Energia SGPS SA (OTCMKTS:GLPEY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,524 shares of the energy company’s stock, valued at approximately $164,000.

Galp Energia SGPS Price Performance

Shares of OTCMKTS GLPEY opened at $12.70 on Monday. The firm has a market cap of $17.25 billion, a P/E ratio of 14.77 and a beta of -0.06. The business’s 50 day moving average is $11.21 and its 200-day moving average is $11.26. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. Galp Energia SGPS has a 1-year low of $8.10 and a 1-year high of $12.87.

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