Galp Energia SGPS (OTCMKTS:GLPEY) Stock Falls 11.3% After Earnings Miss

Key Points

• Galp Energia shares fell 11.3% to $11.38 after the company reported quarterly EPS of $0.16, well below the $0.52 analyst consensus, while revenue of $9.06 billion also missed expectations of $9.38 billion.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy”; ratings include one Strong Buy, three Buys, and six Holds.
• Galp Energia has a $15.45 billion market capitalization, a 13.23 price-to-earnings ratio, and operates across energy exploration, production, refining, trading, and distribution, with significant upstream exposure in Brazil.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) traded down 11.3% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $11.38 and last traded at $11.38. 259 shares were traded during trading, a decline of 100% from the average daily volume of 89,346 shares. The stock had previously closed at $12.83.

The energy company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.36). The company had revenue of $9.06 billion during the quarter, compared to analysts' expectations of $9.38 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%.

Wall Street Analyst Weigh In

GLPEY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a report on Monday, October 12th. Barclays reaffirmed an "overweight" rating on shares of Galp Energia SGPS in a research report on Monday, October 5th. BNP Paribas Exane lowered shares of Galp Energia SGPS to a "neutral" rating in a research note on Tuesday. HSBC reiterated a "hold" rating on shares of Galp Energia SGPS in a research note on Friday, September 25th. Finally, Citigroup reissued a "neutral" rating on shares of Galp Energia SGPS in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Galp Energia SGPS Stock Down 0.3%

The company has a market capitalization of $15.45 billion and a price-to-earnings ratio of 13.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53. The business's 50 day moving average is $12.44 and its 200 day moving average is $11.36.

Galp Energia SGPS Company Profile

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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