Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) announced its quarterly earnings data on Monday. The energy company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.26, Zacks reports. Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%.
Galp Energia SGPS Stock Performance
Shares of GLPEY opened at $10.99 on Monday. The stock has a market capitalization of $14.92 billion, a PE ratio of 21.98 and a beta of -0.07. The business’s fifty day moving average price is $10.99 and its 200 day moving average price is $10.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $12.87.
Wall Street Analysts Forecast Growth
GLPEY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research note on Friday, July 3rd. Finally, Zacks Research lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Galp Energia SGPS currently has an average rating of “Hold”.
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.
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