Galp Energia SGPS SA (GLPEY) – What Are Brokerages Saying About This Stock?

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts recently issued reports on the company. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. HSBC reissued a “hold” rating on shares of Galp Energia SGPS in a report on Friday, September 25th. Citigroup restated a “neutral” rating on shares of Galp Energia SGPS in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. Finally, Barclays reiterated an “overweight” rating on shares of Galp Energia SGPS in a research report on Monday, October 5th.

Galp Energia SGPS Trading Up 1.8%

OTCMKTS:GLPEY opened at $12.78 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53. The stock has a 50-day simple moving average of $12.36 and a 200-day simple moving average of $11.61. The stock has a market cap of $17.36 billion and a P/E ratio of 14.86. Galp Energia SGPS has a 1 year low of $8.10 and a 1 year high of $13.09.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.26. The business had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. As a group, analysts anticipate that Galp Energia SGPS will post 1.44 earnings per share for the current fiscal year.

About Galp Energia SGPS

Galp Energia SGPS, SA is a Portugal-based integrated energy company whose activities span oil and natural gas exploration and production, energy trading, refining, marketing, and renewable power generation. The company supplies fuels, natural gas, electricity, lubricants, and other energy products to retail, commercial, and industrial customers.

Galp’s upstream portfolio includes interests in oil and natural gas projects, with a significant presence in Brazil and additional activities in other international markets.