Galp Energia SGPS (OTCMKTS:GLPEY) Stock Rating Lowered by HSBC

Galp Energia SGPS (OTCMKTS:GLPEY) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

GLPEY has been the topic of a number of other reports. 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. Morgan Stanley raised shares of Galp Energia SGPS from an “underweight” rating to an “overweight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 3rd. Citigroup downgraded shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Berenberg Bank lowered shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

GLPEY opened at $12.68 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $19.11 billion, a P/E ratio of 17.61 and a beta of 0.03. The stock has a 50-day moving average price of $10.47 and a 200-day moving average price of $9.79. Galp Energia SGPS has a 12-month low of $6.76 and a 12-month high of $12.87.

About Galp Energia SGPS

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.