Galp Energia Sgps (GLPEY) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Galp Energia Sgps (OTCMKTS:GLPEY) from a hold rating to a buy rating in a research note released on Wednesday morning. The firm currently has $11.00 price objective 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. “

Galp Energia Sgps (OTCMKTS GLPEY) traded up $0.23 during trading on Wednesday, hitting $9.76. The stock had a trading volume of 11,826 shares, compared to its average volume of 11,228. Galp Energia Sgps has a twelve month low of $7.05 and a twelve month high of $9.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.52 and a quick ratio of 1.16. The stock has a market capitalization of $14,806.48, a PE ratio of 36.15, a PEG ratio of 7.11 and a beta of 0.56.

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About Galp Energia Sgps

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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