Galp Energia SGPS (OTCMKTS:GLPEY) Upgraded at Zacks Research

Galp Energia SGPS (OTCMKTS:GLPEY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research report on Monday, October 5th. Citigroup restated a “neutral” rating on shares of Galp Energia SGPS in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a report on Friday, September 4th. Finally, HSBC reiterated a “hold” rating on shares of Galp Energia SGPS in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

Shares of OTCMKTS:GLPEY opened at $12.58 on Monday. Galp Energia SGPS has a twelve month low of $8.10 and a twelve month high of $13.09. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.54. The company has a market cap of $17.08 billion and a PE ratio of 10.67. The company’s 50 day moving average is $12.28 and its 200 day moving average is $11.59.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. On average, sell-side analysts forecast that Galp Energia SGPS will post 1.44 EPS for the current year.

Galp Energia SGPS Company Profile

Galp Energia SGPS, SA is a Portugal-based integrated energy company whose activities span oil and natural gas exploration and production, energy trading, refining, marketing, and renewable power generation. The company supplies fuels, natural gas, electricity, lubricants, and other energy products to retail, commercial, and industrial customers.

Galp’s upstream portfolio includes interests in oil and natural gas projects, with a significant presence in Brazil and additional activities in other international markets.