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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several analysts recently commented on GLPEY shares. Zacks Research cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Morgan Stanley upgraded shares of Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd.

Galp Energia SGPS Stock Up 2.5%

Shares of OTCMKTS:GLPEY opened at $11.38 on Thursday. The firm has a market cap of $15.45 billion, a P/E ratio of 13.23 and a beta of -0.07. 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 business has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.98.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.26. The firm had revenue of $8.02 billion for the quarter, compared to analyst estimates of $6.79 billion. Galp Energia SGPS had a return on equity of 30.83% and a net margin of 5.43%. Analysts predict that Galp Energia SGPS will post 1.03 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.