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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company.

GLPEY has been the topic of several recent analyst reports. Jefferies Financial Group lowered Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Citigroup lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Morgan Stanley raised shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Finally, Berenberg Bank lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th.

Galp Energia SGPS Trading Up 3.8%

OTCMKTS:GLPEY opened at $11.48 on Monday. The firm has a 50 day moving average of $9.87 and a 200 day moving average of $9.64. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $11.55. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 15.94 and a beta of 0.03.

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.