Brokers Set Expectations for GALP ENERGIA SG/ADR’s FY2020 Earnings (OTCMKTS:GLPEY)

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) – Stock analysts at Jefferies Financial Group lifted their FY2020 EPS estimates for GALP ENERGIA SG/ADR in a research note issued to investors on Tuesday, July 30th. Jefferies Financial Group analyst J. Gammel now forecasts that the energy company will earn $0.58 per share for the year, up from their previous forecast of $0.57.

Several other brokerages also recently issued reports on GLPEY. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, Barclays raised shares of GALP ENERGIA SG/ADR from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. GALP ENERGIA SG/ADR presently has an average rating of “Hold” and an average price target of $8.50.

Shares of OTCMKTS GLPEY opened at $7.88 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $13.19 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.34 and a beta of 0.81. GALP ENERGIA SG/ADR has a 1 year low of $7.11 and a 1 year high of $10.43. The stock has a 50-day moving average price of $7.62.

About GALP ENERGIA SG/ADR

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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Earnings History and Estimates for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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