Berenberg Bank Upgrades Galp Energia, SGPS (OTCMKTS:GLPEY) to “Strong-Buy”

Galp Energia, SGPS (OTCMKTS:GLPEY) was upgraded by equities researchers at Berenberg Bank to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Galp Energia, SGPS Price Performance

Shares of GLPEY stock opened at $8.25 on Friday. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 8.78 and a beta of 0.49. Galp Energia, SGPS has a 12-month low of $7.07 and a 12-month high of $11.05. The firm has a fifty day moving average of $8.89 and a 200-day moving average of $9.84. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. On average, equities research analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current year.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.