Galp Energia SGPS (GLPEY) Expected to Announce Quarterly Earnings on Friday

Galp Energia SGPS (OTCMKTS:GLPEY) is expected to post its results before the market opens on Friday, April 3rd. Analysts expect Galp Energia SGPS to post earnings of $0.12 per share for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, March 23rd. The energy company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $5.50 billion for the quarter. Galp Energia SGPS had a return on equity of 21.29% and a net margin of 5.57%. On average, analysts expect Galp Energia SGPS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Galp Energia SGPS Stock Up 0.2%

OTCMKTS GLPEY opened at $12.12 on Wednesday. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $12.87. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 14.43 and a beta of 0.03. The stock’s 50 day moving average is $10.92 and its two-hundred day moving average is $9.95. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

GLPEY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Berenberg Bank cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Citigroup downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Morgan Stanley cut shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently 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.