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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company.

Several equities analysts have recently commented on GLPEY shares. Morgan Stanley cut shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. raised Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th.

Galp Energia SGPS Price Performance

Shares of GLPEY opened at $11.23 on Friday. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 22.46 and a beta of -0.06. Galp Energia SGPS has a fifty-two week low of $7.64 and a fifty-two week high of $12.87. 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 business’s 50-day moving average is $11.65 and its 200-day moving average is $10.43.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%.The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.73 billion. Equities research analysts expect that Galp Energia SGPS will post 1 EPS for the current fiscal year.

Galp Energia SGPS Company Profile

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.