Galp Energia SGPS (OTCMKTS:GLPEY) Stock Rating Lowered by Morgan Stanley

Galp Energia SGPS (OTCMKTS:GLPEY) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, MarketBeat.com reports.

GLPEY has been the topic of a number of other research reports. Jefferies Financial Group lowered shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Stock Up 0.9%

GLPEY stock opened at $12.12 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $18.26 billion, a PE ratio of 14.43 and a beta of 0.03. Galp Energia SGPS has a twelve month low of $6.76 and a twelve month high of $12.87. The stock has a 50-day simple moving average of $10.70 and a two-hundred day simple moving average of $9.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, March 23rd. The energy company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. The firm had revenue of $5.50 billion for the quarter. On average, equities analysts predict that Galp Energia SGPS will post 0.75 EPS 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.