Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) – Analysts at Jefferies Financial Group increased their Q1 2021 EPS estimates for shares of Galp Energia, SGPS in a research report issued on Monday, April 12th. Jefferies Financial Group analyst G. Romeo now forecasts that the energy company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Galp Energia, SGPS’s Q2 2021 earnings at $0.06 EPS, Q3 2021 earnings at $0.07 EPS, Q4 2021 earnings at $0.07 EPS, FY2021 earnings at $0.25 EPS, FY2022 earnings at $0.40 EPS and FY2023 earnings at $0.39 EPS.
Several other equities analysts also recently commented on the company. The Goldman Sachs Group upgraded Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a research note on Friday, March 5th. Societe Generale downgraded Galp Energia, SGPS from a “buy” rating to a “hold” rating in a research note on Thursday, January 14th. Morgan Stanley reiterated an “equal weight” rating on shares of Galp Energia, SGPS in a research note on Tuesday. Zacks Investment Research downgraded Galp Energia, SGPS from a “buy” rating to a “hold” rating in a research report on Thursday, February 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Galp Energia, SGPS in a research report on Friday, January 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Galp Energia, SGPS currently has a consensus rating of “Hold” and a consensus price target of $5.50.
About Galp Energia, SGPS
Galp Energia, SGPS, SA operates as integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Refining and Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Angola.
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