Jefferies Group Comments on Galp Energia Sgps’ FY2018 Earnings (GLPEY)

Galp Energia Sgps (OTCMKTS:GLPEY) – Stock analysts at Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for shares of Galp Energia Sgps in a note issued to investors on Wednesday. Jefferies Group analyst M. Kofler now forecasts that the energy company will earn $0.49 per share for the year, up from their previous forecast of $0.45.

Separately, Zacks Investment Research downgraded Galp Energia Sgps from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th.

Galp Energia Sgps (OTCMKTS:GLPEY) opened at $9.10 on Friday. Galp Energia Sgps has a 12-month low of $7.12 and a 12-month high of $10.21. The firm has a market cap of $14,000.00, a PE ratio of 27.51, a P/E/G ratio of 1.85 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34.

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Galp Energia Sgps Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The company’s Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.

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