GALP ENERGIA SG/ADR (GLPEY) Receives Consensus Recommendation of “Hold” from Brokerages

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

A number of brokerages have recently issued reports on GLPEY. ValuEngine downgraded GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research downgraded GALP ENERGIA SG/ADR from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Deutsche Bank downgraded GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Bank of America downgraded GALP ENERGIA SG/ADR from a “buy” rating to a “neutral” rating in a research note on Friday, October 5th. Finally, JPMorgan Chase & Co. downgraded GALP ENERGIA SG/ADR from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 11th.

Shares of GLPEY stock traded up $0.02 during trading hours on Wednesday, reaching $8.61. 57,317 shares of the company’s stock were exchanged, compared to its average volume of 29,673. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. GALP ENERGIA SG/ADR has a 1 year low of $8.34 and a 1 year high of $10.43. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.42.

About GALP ENERGIA SG/ADR

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 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 1,459 service stations in Portugal, Spain, and Africa.

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