Galp Energia Sgps (GLPEY) Downgraded to Hold at Zacks Investment Research

Galp Energia Sgps (OTCMKTS:GLPEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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 $0.04 during trading hours on Friday, reaching $9.87. 14,135 shares of the company traded hands, compared to its average volume of 10,928. Galp Energia Sgps has a 12-month low of $7.05 and a 12-month high of $9.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.52 and a quick ratio of 1.16. The firm has a market cap of $15,161.22, a price-to-earnings ratio of 29.89, a P/E/G ratio of 7.28 and a beta of 0.56.

Galp Energia Sgps (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, October 30th. The energy company reported $0.12 EPS for the quarter. Galp Energia Sgps had a net margin of 3.17% and a return on equity of 7.73%. research analysts anticipate that Galp Energia Sgps will post 0.38 EPS for the current fiscal year.

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About Galp Energia Sgps

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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