Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Moderate Buy” by Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research firms have recently weighed in on GLPEY. Morgan Stanley raised Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research note on Tuesday. Jefferies Financial Group cut Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a report on Thursday. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Santander lowered shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th.

Galp Energia SGPS Stock Performance

Shares of OTCMKTS GLPEY opened at $8.92 on Friday. The stock has a market cap of $12.41 billion, a PE ratio of 12.39 and a beta of 0.07. Galp Energia SGPS has a 1 year low of $6.76 and a 1 year high of $10.67. The firm has a fifty day moving average price of $9.34 and a 200-day moving average price of $9.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 1.35.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, October 27th. The energy company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). Galp Energia SGPS had a return on equity of 18.21% and a net margin of 4.90%.The firm had revenue of $5.81 billion during the quarter. Equities analysts anticipate that Galp Energia SGPS will post 0.75 earnings per share for the current fiscal year.

Galp Energia SGPS Company Profile

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil’s pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.