Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several brokerages have recently weighed in on GLPEY. Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Berenberg Bank cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, HSBC cut Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th.

Galp Energia SGPS Stock Down 1.4%

Shares of GLPEY stock opened at $11.95 on Friday. Galp Energia SGPS has a one year low of $6.76 and a one year high of $12.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 1.35. The stock has a fifty day moving average price of $10.76 and a 200 day moving average price of $9.88. The stock has a market cap of $18.01 billion, a P/E ratio of 14.23 and a beta of 0.03.

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, beating the consensus estimate of $0.12 by $0.02. Galp Energia SGPS had a net margin of 5.57% and a return on equity of 21.29%. The firm had revenue of $5.50 billion for the quarter. Analysts predict that Galp Energia SGPS will post 0.75 earnings per share 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.