Galp Energia SGPS (OTCMKTS:GLPEY) Announces Earnings Results, Misses Estimates By $0.36 EPS

Galp Energia SGPS (OTCMKTS:GLPEY) announced its earnings results on Monday. The energy company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.36), Zacks reports. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%.

Galp Energia SGPS Stock Performance

Shares of Galp Energia SGPS stock opened at $12.83 on Monday. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $13.09. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $12.45 and a 200-day moving average price of $11.63. The company has a market cap of $17.42 billion and a PE ratio of 14.92.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC reaffirmed a “hold” rating on shares of Galp Energia SGPS in a research report on Friday, September 25th. Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a research report on Tuesday, October 13th. Morgan Stanley restated an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. Barclays restated an “overweight” rating on shares of Galp Energia SGPS in a report on Monday, October 5th. Finally, Zacks Research raised shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Company Profile

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp’s upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.