Galp Energia SGPS (OTCMKTS:GLPEY) Upgraded by Jefferies Financial Group to Hold Rating

Galp Energia SGPS (OTCMKTS:GLPEY) was upgraded by Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Several other brokerages have also issued reports on GLPEY. HSBC lowered Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Citigroup lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Berenberg Bank lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Morgan Stanley lowered Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Galp Energia SGPS Stock Down 1.1%

Shares of Galp Energia SGPS stock opened at $12.18 on Friday. The stock’s 50-day moving average is $11.15 and its 200 day moving average is $10.02. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 14.50 and a beta of -0.03. 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 $12.87.

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 the consensus estimate of $0.12 by $0.02. The business had revenue of $5.50 billion for the quarter. Galp Energia SGPS had a return on equity of 21.29% and a net margin of 5.57%. Equities research analysts anticipate that Galp Energia SGPS will post 0.75 EPS 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.