Galp Energia SGPS (GLPEY) Expected to Release Earnings on Monday

Galp Energia SGPS (OTCMKTS:GLPEY) will likely be releasing its results before the market opens on Monday, July 20th. Analysts expect Galp Energia SGPS to post earnings of $0.34 per share and revenue of $7.0197 billion for the quarter.

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

Galp Energia SGPS Price Performance

Shares of OTCMKTS GLPEY opened at $11.20 on Monday. The firm has a 50-day simple moving average of $11.01 and a 200-day simple moving average of $10.72. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 22.40 and a beta of -0.07. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $12.87.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLPEY. Zacks Research cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Galp Energia SGPS currently has an average rating of “Hold”.

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.