Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Consensus Recommendation of “Hold” by Brokerages

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

GLPEY has been the topic of a number of research reports. Morgan Stanley downgraded shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th.

Galp Energia SGPS Stock Down 1.8%

Galp Energia SGPS stock opened at $10.88 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $12.87. The firm’s fifty day moving average is $11.40 and its 200 day moving average is $10.49. The company has a market capitalization of $14.77 billion, a PE ratio of 21.76 and a beta of -0.08.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.73 billion. As a group, sell-side analysts predict 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.