GALP ENERGIA SG/ADR (GLPEY) Receives Average Recommendation of “Hold” from Brokerages
Shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) have been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company.
A number of brokerages have recently issued reports on GLPEY. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Bank of America downgraded GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a research report on Friday, October 5th. Deutsche Bank cut GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, JPMorgan Chase & Co. cut GALP ENERGIA SG/ADR from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 11th.
Shares of OTCMKTS:GLPEY traded up $0.01 during midday trading on Friday, hitting $8.18. The stock had a trading volume of 35,503 shares, compared to its average volume of 74,706. The company has a quick ratio of 1.41, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.15 and a beta of 1.00. GALP ENERGIA SG/ADR has a 1 year low of $7.85 and a 1 year high of $10.43.
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.
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