Several other equities research analysts have also recently commented on GLPEY. Goldman Sachs Group cut GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Barclays upgraded shares of GALP ENERGIA SG/ADR from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.50.
OTCMKTS:GLPEY traded down $0.08 during midday trading on Thursday, hitting $7.80. 63,036 shares of the stock were exchanged, compared to its average volume of 69,053. GALP ENERGIA SG/ADR has a one year low of $7.11 and a one year high of $10.43. The company has a market cap of $12.94 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The company’s 50-day moving average price is $7.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.62 and a quick ratio of 1.11.
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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