According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “
Several other analysts have also weighed in on GLPEY. ValuEngine upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a report on Thursday, August 1st. Goldman Sachs Group lowered GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a report on Thursday, August 1st. Finally, Barclays upgraded GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $8.50.
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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