Galp Energia Sgps (GLPEY) to Post FY2018 Earnings of $0.49 Per Share, Jefferies Group Forecasts

Galp Energia Sgps (OTCMKTS:GLPEY) – Equities research analysts at Jefferies Group raised their FY2018 EPS estimates for Galp Energia Sgps in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Kofler now anticipates that the energy company will post earnings of $0.49 per share for the year, up from their previous forecast of $0.45.

Separately, Zacks Investment Research cut Galp Energia Sgps from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.

Galp Energia Sgps (OTCMKTS:GLPEY) traded down $0.12 during mid-day trading on Friday, reaching $9.37. The company had a trading volume of 11,003 shares, compared to its average volume of 20,596. The stock has a market capitalization of $14,636.83, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.59. Galp Energia Sgps has a 12-month low of $7.13 and a 12-month high of $10.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.52.

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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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