Galp Energia SGPS (GLPEY) to Release Earnings on Monday

Galp Energia SGPS (OTCMKTS:GLPEY) is projected to issue its results before the market opens on Monday, July 20th. Analysts expect Galp Energia SGPS to announce earnings of $0.34 per share and revenue of $7.0189 billion for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly 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 company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. 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 $10.92 on Friday. The company’s fifty day moving average price is $10.98 and its 200-day moving average price is $10.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 21.84 and a beta of -0.07. Galp Energia SGPS has a one year low of $8.10 and a one year high of $12.87.

Analyst Upgrades and Downgrades

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