Galp Energia, SGPS (OTCMKTS:GLPEY) Rating Increased to Strong-Buy at The Goldman Sachs Group

Galp Energia, SGPS (OTCMKTS:GLPEY) was upgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, Berenberg Bank upgraded shares of Galp Energia, SGPS to a “strong-buy” rating in a report on Friday, November 22nd.

Galp Energia, SGPS Stock Down 2.4 %

GLPEY stock opened at $8.61 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.31. The firm has a market capitalization of $11.98 billion, a P/E ratio of 9.16 and a beta of 0.47. Galp Energia, SGPS has a 52-week low of $7.07 and a 52-week high of $11.05. The company’s 50 day simple moving average is $8.71 and its 200-day simple moving average is $9.71.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. The company had revenue of $6.02 billion during the quarter. As a group, equities research analysts anticipate that Galp Energia, SGPS will post 0.75 EPS for the current year.

About Galp Energia, SGPS

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.