Galp Energia SGPS SA (OTCMKTS:GLPEY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) from a hold rating to a buy rating in a report issued on Wednesday, November 1st. The firm currently has $10.00 target price on the energy company’s stock.

According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “

Separately, Deutsche Bank AG downgraded shares of Galp Energia SGPS SA from a buy rating to a hold rating in a report on Wednesday, July 5th.

Shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) opened at $9.44 on Wednesday. Galp Energia SGPS SA has a 52 week low of $6.08 and a 52 week high of $9.47. The company has a market cap of $14,559.71, a price-to-earnings ratio of 34.96, a PEG ratio of 8.74 and a beta of 0.57. The company has a quick ratio of 1.23, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

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About Galp Energia SGPS SA

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The company’s Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.

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