Galp Energia, SGPS (OTCMKTS:GLPEY) Rating Increased to Strong-Buy at UBS Group

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) was upgraded by analysts at UBS Group from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

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

Galp Energia, SGPS Stock Performance

Galp Energia, SGPS stock traded down $0.18 during mid-day trading on Monday, reaching $8.23. 36,578 shares of the stock traded hands, compared to its average volume of 75,739. The stock has a market capitalization of $11.45 billion, a PE ratio of 8.76 and a beta of 0.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. Galp Energia, SGPS has a 12-month low of $6.76 and a 12-month high of $11.05. The business's 50-day moving average is $7.80 and its 200-day moving average is $8.17.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The energy company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The company had revenue of $5.44 billion during 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%. As a group, sell-side analysts predict that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

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.