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

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company.

Several analysts have recently issued reports on the company. Jefferies Financial Group raised Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a report on Sunday, April 5th. HSBC cut Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. JPMorgan Chase & Co. raised Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Morgan Stanley cut Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Finally, Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th.

Galp Energia SGPS Stock Up 1.2%

Shares of GLPEY opened at $11.40 on Friday. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 22.80 and a beta of -0.06. Galp Energia SGPS has a 1 year low of $7.64 and a 1 year high of $12.87. The business’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $10.37. 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 (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) 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 analysts’ expectations of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. As a group, equities analysts expect that Galp Energia SGPS will post 1 earnings per share for the current fiscal year.

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.