Galp Energia, SGPS (OTCMKTS:GLPEY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Galp Energia, SGPS (OTCMKTS:GLPEY) to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Galp Energia, SGPS Price Performance

Shares of GLPEY opened at $8.25 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $8.89 and its 200 day simple moving average is $9.84. Galp Energia, SGPS has a 1-year low of $7.07 and a 1-year high of $11.05. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 8.78 and a beta of 0.49.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. The company had revenue of $6.02 billion for the quarter. On average, research analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

Galp Energia, SGPS Company Profile

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.