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.
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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