Galp Energia, SGPS (OTCMKTS:GLPEY) Releases Earnings Results, Beats Expectations By $0.10 EPS

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) announced its earnings results on Monday. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10, Zacks reports. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.32 billion. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.38%.

Galp Energia, SGPS Trading Up 0.5 %

Shares of OTCMKTS GLPEY traded up $0.04 during midday trading on Friday, reaching $7.74. The company had a trading volume of 77,170 shares, compared to its average volume of 72,229. The stock has a market cap of $10.77 billion, a PE ratio of 8.23 and a beta of 0.24. Galp Energia, SGPS has a one year low of $6.76 and a one year high of $11.05. The firm's fifty day moving average price is $7.91 and its 200-day moving average price is $8.28. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

Separately, Cfra Research raised shares of Galp Energia, SGPS to a "moderate sell" rating in a research note on Tuesday, April 15th.

About Galp Energia, SGPS

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.