GALP ENERGIA SG/ADR (GLPEY) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a hold rating to a sell rating in a research report sent to investors on Thursday, April 4th, ValuEngine reports.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank upgraded GALP ENERGIA SG/ADR from a sell rating to a buy rating in a report on Monday, December 10th. Goldman Sachs Group upgraded GALP ENERGIA SG/ADR from a sell rating to a neutral rating in a report on Monday, February 11th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a report on Wednesday, December 19th. Finally, JPMorgan Chase & Co. cut GALP ENERGIA SG/ADR from a neutral rating to an underweight rating in a report on Monday, March 11th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. GALP ENERGIA SG/ADR presently has an average rating of Hold and an average target price of $8.50.

OTCMKTS GLPEY traded up $0.04 during trading on Thursday, hitting $8.35. 12,612 shares of the stock traded hands, compared to its average volume of 63,766. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 1.72. GALP ENERGIA SG/ADR has a 12-month low of $7.50 and a 12-month high of $10.43.

About GALP ENERGIA SG/ADR

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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