Galp Energia SGPS (OTCMKTS:GLPEY) Stock Rating Upgraded by JPMorgan Chase & Co.

Galp Energia SGPS (OTCMKTS:GLPEY) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports.

Several other equities research analysts have also weighed in on the company. Barclays upgraded Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 31st. Citigroup cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Morgan Stanley raised shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Santander cut shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group lowered shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $10.04 on Tuesday. 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 has a one year low of $6.76 and a one year high of $10.67. The company has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $9.46. The firm has a market capitalization of $15.13 billion, a PE ratio of 13.94 and a beta of 0.06.

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.