Goldman Sachs Group Upgrades GALP ENERGIA SG/ADR (GLPEY) to “Neutral”

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Goldman Sachs Group upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a sell rating to a neutral rating in a research report released on Monday, The Fly reports.

A number of other research firms also recently issued reports on GLPEY. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a buy rating to a hold rating in a report on Monday, October 15th. ValuEngine downgraded shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Wednesday, November 7th. Finally, Deutsche Bank upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a buy rating in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $8.50.

OTCMKTS GLPEY opened at $7.79 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.72 and a debt-to-equity ratio of 0.46. GALP ENERGIA SG/ADR has a 12-month low of $7.50 and a 12-month high of $10.43.


Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.

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