Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Hold” from Analysts

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

GLPEY has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a report on Sunday, April 5th. Morgan Stanley raised shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd. Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th.

Galp Energia SGPS Price Performance

Galp Energia SGPS stock traded up $0.07 during mid-day trading on Friday, hitting $11.20. 74,723 shares of the company were exchanged, compared to its average volume of 261,027. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $12.87. The company has a market capitalization of $15.21 billion, a P/E ratio of 22.40 and a beta of -0.07. The business’s 50 day simple moving average is $11.01 and its two-hundred day simple moving average is $10.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. Analysts forecast that Galp Energia SGPS will post 1.03 earnings per share for the current fiscal 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.