Galp Energia, SGPS (OTCMKTS:GLPEY) Upgraded by Berenberg Bank to “Strong-Buy” Rating

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

Galp Energia, SGPS Stock Down 0.1 %

Shares of OTCMKTS GLPEY opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.31. Galp Energia, SGPS has a 1 year low of $7.07 and a 1 year high of $11.05. The stock has a market capitalization of $11.47 billion, a P/E ratio of 8.78 and a beta of 0.49. The company has a 50-day moving average price of $8.89 and a 200-day moving average price of $9.84.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its quarterly 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. The business had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. On average, equities research analysts forecast that Galp Energia, SGPS will post 0.75 EPS for the current fiscal 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.