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

Shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

GLPEY has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Goldman Sachs Group raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “neutral” rating in a research note on Monday, February 11th. ValuEngine raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Deutsche Bank cut shares of GALP ENERGIA SG/ADR to a “hold” rating in a research note on Thursday, December 20th. Finally, JPMorgan Chase & Co. cut shares of GALP ENERGIA SG/ADR from a “neutral” rating to an “underweight” rating in a research note on Monday, March 11th.

Shares of OTCMKTS:GLPEY opened at $8.22 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.72 and a quick ratio of 1.26. GALP ENERGIA SG/ADR has a 1 year low of $7.50 and a 1 year high of $10.43.

GALP ENERGIA SG/ADR Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also 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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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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