Galp Energia SGPS (OTCMKTS:GLPEY) Hits New 12-Month High – Time to Buy?

Galp Energia SGPS SA (OTCMKTS:GLPEY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.99 and last traded at $12.99, with a volume of 281 shares trading hands. The stock had previously closed at $12.3650.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reissued an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Galp Energia SGPS presently has a consensus rating of “Hold”.

Galp Energia SGPS Stock Up 3.6%

The business has a fifty day moving average of $11.92 and a 200 day moving average of $11.53. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.76 billion, a P/E ratio of 15.21 and a beta of -0.05.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Galp Energia SGPS SA will post 1.21 EPS for the current year.

Galp Energia SGPS Company Profile

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.