Berenberg Bank Upgrades Galp Energia, SGPS (OTCMKTS:GLPEY) to Strong-Buy

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

Galp Energia, SGPS Trading Down 0.1 %

Shares of Galp Energia, SGPS stock opened at $8.25 on Friday. The firm has a market cap of $11.47 billion, a PE ratio of 8.78 and a beta of 0.49. Galp Energia, SGPS has a 1 year low of $7.07 and a 1 year high of $11.05. 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 stock has a fifty day moving average price of $8.89 and a 200-day moving average price of $9.84.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping 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 net margin of 6.17% and a return on equity of 24.36%. 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.