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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned an average recommendation 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 rating and three have given a buy rating to the company.

Several equities research analysts recently weighed in on GLPEY shares. Zacks Research downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th.

Galp Energia SGPS Trading Up 1.4%

Shares of GLPEY opened at $12.62 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $12.87. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 14.67 and a beta of -0.05. The business’s fifty day moving average is $11.83 and its 200-day moving average is $11.49.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.26. The firm had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. Equities analysts anticipate that Galp Energia SGPS will post 1.21 EPS for the current fiscal year.

About Galp Energia SGPS

Galp Energia SGPS, SA is a Portugal-based integrated energy company engaged in the exploration, production, refining, marketing and distribution of energy products. Through its upstream activities, Galp develops oil and natural gas resources, with operations and interests in areas including Brazil, Mozambique and Namibia.

The company also operates in downstream energy markets, supplying and marketing fuels, lubricants and other petroleum products. Its activities include refining, fuel distribution, retail service stations and the provision of energy solutions to business and household customers, primarily across Portugal and Spain.

Galp is expanding beyond traditional hydrocarbons through investments in renewable power generation, solar energy, electric-vehicle charging, low-carbon fuels and other energy-transition technologies.