Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Recommendation of “Hold” by Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

GLPEY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

Galp Energia SGPS Stock Down 1.8%

Shares of OTCMKTS GLPEY opened at $10.88 on Wednesday. The company has a market capitalization of $14.77 billion, a P/E ratio of 21.76 and a beta of -0.08. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $12.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. The company’s 50 day moving average price is $11.40 and its 200-day moving average price is $10.49.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. Equities analysts forecast that Galp Energia SGPS will post 1 earnings per share for the current year.

About Galp Energia SGPS

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.