Galp Energia SGPS (OTCMKTS:GLPEY) Posts Quarterly Earnings Results, Misses Expectations By $0.36 EPS

Key Points

• Galp Energia reported quarterly EPS of $0.16, falling $0.36 short of the $0.52 consensus estimate. The company posted a 5.43% net margin and 30.13% return on equity.
• Shares opened at $12.83, near their 52-week high of $13.09, with a $17.42 billion market capitalization and a P/E ratio of 14.92.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy”; ratings include one Strong Buy, three Buys, and five Holds.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) issued its quarterly earnings data on Monday. The energy company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.36), Zacks reports. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%.

Galp Energia SGPS Price Performance

Shares of GLPEY opened at $12.83 on Monday. The business has a 50-day moving average of $12.45 and a 200-day moving average of $11.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market capitalization of $17.42 billion and a price-to-earnings ratio of 14.92. Galp Energia SGPS has a 1 year low of $8.10 and a 1 year high of $13.09.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GLPEY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Citigroup reiterated a "neutral" rating on shares of Galp Energia SGPS in a research note on Tuesday, October 13th. Zacks Research raised Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a report on Monday, October 12th. HSBC reiterated a "hold" rating on shares of Galp Energia SGPS in a research report on Friday, September 25th. Finally, Barclays reiterated an "overweight" rating on shares of Galp Energia SGPS in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About Galp Energia SGPS

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp's upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.

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