Galp Energia SGPS (OTCMKTS:GLPEY) Shares Gap Up - Should You Buy?

Key Points

• Galp Energia shares opened higher, rising from a previous close of $12.05 to $12.48 and last trading at $12.53 on volume of 1,310 shares.
• Analyst sentiment is mixed: three analysts rate the stock a Buy and six rate it a Hold, resulting in an overall “Hold” consensus.
• Galp reported quarterly EPS of $0.60, beating estimates of $0.34, while revenue of $8.02 billion also exceeded the $6.79 billion consensus estimate.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.05, but opened at $12.48. Galp Energia SGPS shares last traded at $12.53, with a volume of 1,310 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GLPEY shares. Morgan Stanley upgraded shares of Galp Energia SGPS from an "overweight" rating to an "overweight" rating in a research report on Friday, July 3rd. Zacks Research downgraded Galp Energia SGPS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold".

Galp Energia SGPS Trading Down 0.1%

The business has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.35. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 14.47 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.26. The company had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. On average, equities analysts predict that Galp Energia SGPS SA will post 1.21 earnings per share for the current year.

Galp Energia SGPS Company Profile

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil's pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.

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