Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Rating of “Hold” from Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has received an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of research firms have issued reports on GLPEY. Morgan Stanley restated an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th.

Galp Energia SGPS Stock Up 1.4%

Galp Energia SGPS stock opened at $12.62 on Friday. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 14.67 and a beta of -0.05. Galp Energia SGPS has a 52-week low of $8.10 and a 52-week high of $12.87. 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 firm has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $11.49.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.26. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%.The firm had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $6.79 billion. Equities analysts predict that Galp Energia SGPS will post 1.21 EPS for the current year.

Galp Energia SGPS Company Profile

Galp Energia SGPS, SA is a Portugal-based integrated energy company engaged in the exploration, production, refining, marketing and distribution of energy products. Through its upstream activities, Galp develops oil and natural gas resources, with operations and interests in areas including Brazil, Mozambique and Namibia.

The company also operates in downstream energy markets, supplying and marketing fuels, lubricants and other petroleum products. Its activities include refining, fuel distribution, retail service stations and the provision of energy solutions to business and household customers, primarily across Portugal and Spain.

Galp is expanding beyond traditional hydrocarbons through investments in renewable power generation, solar energy, electric-vehicle charging, low-carbon fuels and other energy-transition technologies.