Galp Energia Sgps (OTCMKTS:GLPEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $11.00 price target on the energy company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.64% from the company’s current price.

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. “

Shares of Galp Energia Sgps (OTCMKTS GLPEY) traded up $0.14 on Thursday, reaching $9.60. The company’s stock had a trading volume of 23,851 shares, compared to its average volume of 10,982. Galp Energia Sgps has a 12 month low of $7.05 and a 12 month high of $9.59. The stock has a market cap of $14,390.05, a price-to-earnings ratio of 35.54, a PEG ratio of 6.91 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.52 and a quick ratio of 1.16.

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Galp Energia Sgps Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The company’s Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.

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