Galp Energia SGPS (OTCMKTS:GLPEY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) saw strong trading volume on Wednesday . 51,073 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 64,100 shares.The stock last traded at $10.96 and had previously closed at $11.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. HSBC downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Zacks Research upgraded Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. JPMorgan Chase & Co. upgraded Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Morgan Stanley downgraded Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Galp Energia SGPS currently has an average rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. The company has a market cap of $14.69 billion, a P/E ratio of 21.64 and a beta of -0.06. The firm has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $10.45.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. On average, analysts predict that Galp Energia SGPS SA will post 1 EPS for the current fiscal 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.