Galp Energia SGPS (OTCMKTS:GLPEY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Galp Energia SGPS (OTCMKTS:GLPEY) from a hold rating to a strong-buy rating in a report published on Monday,Zacks reports.

Other equities analysts also recently issued research reports about the stock. Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research note on Monday, October 5th. Finally, HSBC reiterated a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

Shares of Galp Energia SGPS stock opened at $12.58 on Monday. The company has a market capitalization of $17.08 billion and a price-to-earnings ratio of 14.63. 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 stock’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $11.59. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $13.09.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.26. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. The company had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. As a group, analysts expect that Galp Energia SGPS will post 1.44 earnings per share for the current fiscal year.

About Galp Energia SGPS

Galp Energia SGPS, SA is a Portugal-based integrated energy company whose activities span oil and natural gas exploration and production, energy trading, refining, marketing, and renewable power generation. The company supplies fuels, natural gas, electricity, lubricants, and other energy products to retail, commercial, and industrial customers.

Galp’s upstream portfolio includes interests in oil and natural gas projects, with a significant presence in Brazil and additional activities in other international markets.