Galp Energia SGPS (OTCMKTS:GLPEY) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Galp Energia shares rose 2.4%, trading at $12.34 after reaching $12.45 and moving above the 50-day moving average of $11.41.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and six rate it a Hold, resulting in a consensus rating of Hold.
• The company exceeded quarterly expectations, reporting $0.60 in EPS versus a $0.34 estimate and $8.02 billion in revenue versus a $6.79 billion forecast.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.41 and traded as high as $12.45. Galp Energia SGPS shares last traded at $12.34, with a volume of 75,132 shares changing hands.

Analyst Ratings Changes

GLPEY has been the subject of a number of research analyst reports. Morgan Stanley raised 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 research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Galp Energia SGPS presently has a consensus rating of "Hold".

Galp Energia SGPS Stock Up 2.4%

The company has a market cap of $16.76 billion, a price-to-earnings ratio of 14.35 and a beta of -0.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. The firm's 50 day simple moving average is $11.41 and its 200-day simple moving average is $11.35.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.34 by $0.26. The company had revenue of $8.02 billion for the quarter, compared to analyst estimates of $6.79 billion. Galp Energia SGPS had a return on equity of 30.83% and a net margin of 5.43%. As a group, sell-side analysts anticipate that Galp Energia SGPS SA will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Galp Energia SGPS stock. Public Employees Retirement System of Ohio acquired a new stake in Galp Energia SGPS SA (OTCMKTS:GLPEY - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 15,524 shares of the energy company's stock, valued at approximately $164,000.

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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