Berenberg Bank upgraded shares of Galp Energia, SGPS (OTCMKTS:GLPEY - Free Report) to a strong-buy rating in a report issued on Friday,Zacks.com reports.
Galp Energia, SGPS Trading Up 1.7 %
Shares of OTCMKTS GLPEY traded up $0.14 during trading on Friday, hitting $8.39. 70,611 shares of the company traded hands, compared to its average volume of 77,642. The firm has a market capitalization of $11.67 billion, a P/E ratio of 8.78 and a beta of 0.49. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $8.86 and a 200-day moving average price of $9.83. Galp Energia, SGPS has a 1 year low of $7.07 and a 1 year high of $11.05.
Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last issued its earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The firm had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. On average, equities analysts predict that Galp Energia, SGPS will post 0.75 EPS for the current year.
About Galp Energia, SGPS
(
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Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.
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