GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Downgraded by Zacks Investment Research to “Hold”

Share on StockTwits

Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a buy rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

Several other research analysts also recently weighed in on GLPEY. Societe Generale raised shares of GALP ENERGIA SG/ADR from a hold rating to a buy rating in a research note on Wednesday, September 18th. ValuEngine raised shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Thursday, August 1st. Barclays raised shares of GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a research note on Wednesday, July 31st. Finally, Goldman Sachs Group downgraded shares of GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $8.25.

GALP ENERGIA SG/ADR stock opened at $7.55 on Thursday. GALP ENERGIA SG/ADR has a 52 week low of $6.84 and a 52 week high of $9.13. The company has a quick ratio of 1.03, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $7.61. The firm has a market capitalization of $12.39 billion, a PE ratio of 14.25, a P/E/G ratio of 2.20 and a beta of 0.85.

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, July 29th. The energy company reported $0.16 EPS for the quarter. GALP ENERGIA SG/ADR had a net margin of 2.91% and a return on equity of 8.48%. The business had revenue of $5.35 billion for the quarter. On average, research analysts expect that GALP ENERGIA SG/ADR will post 0.43 EPS for the current fiscal year.

About GALP ENERGIA SG/ADR

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also 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.

Read More: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on GALP ENERGIA SG/ADR (GLPEY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

Receive News & Ratings for GALP ENERGIA SG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GALP ENERGIA SG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.