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

Galp Energia SGPS SA (OTCMKTS:GLPEY) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several brokerages have issued reports on GLPEY. HSBC reaffirmed a “hold” rating on shares of Galp Energia SGPS in a research report on Friday. Morgan Stanley restated an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th.

Galp Energia SGPS Price Performance

Shares of OTCMKTS GLPEY opened at $12.97 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. Galp Energia SGPS has a 1-year low of $8.10 and a 1-year high of $13.09. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 15.08 and a beta of -0.05. The business has a 50-day moving average of $11.97 and a 200-day moving average of $11.54.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. The business had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $6.79 billion. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. On average, equities analysts anticipate that Galp Energia SGPS will post 1.21 EPS for the current fiscal 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.