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.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/19/galp-energia-sgps-glpey-expected-to-earn-fy2018-earnings-of-0-49-per-share.html.
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 companys 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.
Get a free copy of the Zacks research report on Galp Energia Sgps (GLPEY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Galp Energia Sgps Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galp Energia Sgps and related companies with MarketBeat.com's FREE daily email newsletter.