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 report released 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 company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The firm has a 50-day moving average of $8.89 and a 200-day moving average of $9.84. Galp Energia, SGPS has a 52-week low of $7.07 and a 52-week high of $11.05. The stock has a market cap of $11.47 billion, a PE ratio of 8.78 and a beta of 0.49.

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, beating analysts’ consensus estimates 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 firm had revenue of $6.02 billion during the quarter. As a group, sell-side analysts forecast 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.