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

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The firm presently has a $8.00 price target on the energy company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 8.25% from the company’s current price.

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. “

A number of other equities analysts have also recently weighed in on the company. Barclays upgraded GALP ENERGIA SG/ADR from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 31st. ValuEngine upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group cut GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.00.



OTCMKTS GLPEY traded up $0.17 on Monday, reaching $7.39. The company had a trading volume of 68,028 shares, compared to its average volume of 81,288. The firm has a market capitalization of $11.89 billion, a PE ratio of 13.94, a P/E/G ratio of 2.08 and a beta of 0.86. GALP ENERGIA SG/ADR has a 1 year low of $6.84 and a 1 year high of $10.05. The firm has a 50-day moving average of $7.20 and a 200-day moving average of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 1.11.

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.

Featured Article: How prevalent are 12b-1 fees?

Get a free copy of the Zacks research report on GALP ENERGIA SG/ADR (GLPEY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for GALP ENERGIA SG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GALP ENERGIA SG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.