GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Stock Rating Lowered by Zacks Investment Research

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GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

A number of other research firms have also recently issued reports on GLPEY. ValuEngine upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Societe Generale upgraded GALP ENERGIA SG/ADR from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays upgraded GALP ENERGIA SG/ADR from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group cut GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. GALP ENERGIA SG/ADR has a consensus rating of “Hold” and a consensus target price of $8.25.

Shares of GLPEY traded up $0.04 on Thursday, reaching $7.47. 27,892 shares of the stock traded hands, compared to its average volume of 85,436. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 2.16 and a beta of 0.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 1.03. GALP ENERGIA SG/ADR has a 12 month low of $6.84 and a 12 month high of $9.13. The stock’s 50-day moving average price is $7.34 and its 200-day moving average price is $7.61.

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, July 29th. The energy company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $5.35 billion for the quarter. GALP ENERGIA SG/ADR had a return on equity of 8.48% and a net margin of 2.91%. As a group, equities research analysts forecast that GALP ENERGIA SG/ADR will post 0.43 earnings per share for the current fiscal year.

GALP ENERGIA SG/ADR Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.

See Also: What is meant by a buy rating?

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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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