Sanford C. Bernstein Upgrades Galp Energia SGPS (OTCMKTS:GLPEY) to "Strong-Buy"

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) was upgraded by equities research analysts at Sanford C. Bernstein from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on GLPEY. UBS Group upgraded shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Cfra Research raised shares of Galp Energia SGPS to a "moderate sell" rating in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Galp Energia SGPS Trading Down 3.3%

OTCMKTS:GLPEY opened at $9.05 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. The business has a fifty day moving average price of $8.02 and a 200-day moving average price of $8.22. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 9.63 and a beta of 0.28. Galp Energia SGPS has a one year low of $6.76 and a one year high of $11.05.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The energy company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.32 billion. Galp Energia SGPS had a return on equity of 24.38% and a net margin of 6.17%. Sell-side analysts forecast that Galp Energia SGPS will post 0.75 EPS for the current year.

Galp Energia SGPS Company Profile

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.

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