GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Downgraded by Zacks Investment Research to “Sell”

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

Several other research analysts have also issued reports on the stock. Goldman Sachs Group lowered shares of GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a research report on Thursday. Barclays upgraded shares of GALP ENERGIA SG/ADR from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. GALP ENERGIA SG/ADR has an average rating of “Hold” and a consensus target price of $8.50.

GALP ENERGIA SG/ADR stock traded up $0.01 during mid-day trading on Monday, hitting $7.49. The company’s stock had a trading volume of 86,149 shares, compared to its average volume of 68,977. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.31 billion, a PE ratio of 14.13, a P/E/G ratio of 2.20 and a beta of 0.82. GALP ENERGIA SG/ADR has a twelve month low of $7.11 and a twelve month high of $10.43. The firm’s fifty day simple moving average is $7.63.

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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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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