Galp Energia SGPS SA (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

A number of research analysts have issued reports on GLPEY shares. JPMorgan Chase & Co. raised shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group cut shares of Galp Energia SGPS from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Berenberg Bank downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Morgan Stanley raised Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 6th.

Galp Energia SGPS Price Performance

Shares of GLPEY stock opened at $11.48 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.35 and a current ratio of 1.68. Galp Energia SGPS has a fifty-two week low of $6.76 and a fifty-two week high of $11.55. The firm has a market cap of $17.30 billion, a P/E ratio of 15.94 and a beta of 0.03. The business’s 50 day moving average price is $9.87 and its 200-day moving average price is $9.65.

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.