Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Recommendation of “Hold” by Brokerages

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of analysts have commented on GLPEY shares. Morgan Stanley raised Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a report on Friday, July 3rd. Zacks Research lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

Galp Energia SGPS Stock Performance

Shares of Galp Energia SGPS stock opened at $11.37 on Thursday. The business has a 50-day moving average price of $10.97 and a two-hundred day moving average price of $11.05. Galp Energia SGPS has a 1-year low of $8.10 and a 1-year high of $12.87. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The company has a market cap of $15.44 billion, a P/E ratio of 13.22 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, July 27th. The energy company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.26. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. The business had revenue of $8.02 billion for the quarter, compared to analyst estimates of $6.79 billion. As a group, analysts anticipate that Galp Energia SGPS will post 1.21 EPS for the current year.

Galp Energia SGPS Company Profile

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil’s pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.