Galp Energia SGPS (OTCMKTS:GLPEY) Releases Quarterly Earnings Results, Misses Expectations By $0.36 EPS

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

Galp Energia SGPS Trading Down 11.1%

Shares of OTCMKTS GLPEY opened at $11.40 on Tuesday. 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 stock has a market capitalization of $15.48 billion and a PE ratio of 13.26. The stock has a fifty day simple moving average of $12.44 and a 200-day simple moving average of $11.36. Galp Energia SGPS has a twelve month low of $8.10 and a twelve month high of $13.09.

Wall Street Analyst Weigh In

GLPEY has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of Galp Energia SGPS in a research report on Tuesday, October 13th. BNP Paribas Exane lowered shares of Galp Energia SGPS to a “neutral” rating in a report on Tuesday. Zacks Research raised shares of Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, HSBC reaffirmed a “hold” rating on shares of Galp Energia SGPS in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Galp Energia SGPS

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.